Canada’s poor urged to earn more by filing their taxes
‘That could probably help me make ends meet,’ says woman who hasn’t filed for 3 years
“Filing taxes is becoming the key strategy for organizations looking to lift people out of poverty. It’s also a way to stimulate the economy in parts of the country in a downturn. The challenge is convincing low-income households to actually do their taxes, since that demographic has the lowest filing rate.
Families, in particular, are at risk of missing out on thousands of dollars of benefits and credits that are only accessed by completing a tax return.
“It’s extremely important,” said Franco Savoia, with the poverty reduction group Vibrant Communities Calgary. “This is a huge deal. Huge for families that are literally almost not being able to meet their basic needs on their income. And it’s free, it’s tax-free.”
How many miss out?
“Several not-for-profit groups offer free tax clinics to help low-income people with the paperwork, but many still don’t get their taxes done. Exactly how many is difficult to pinpoint.
The Toronto Daily Bread Food Bank found in a 2005 survey that 25 per cent of its users had not filed their taxes. Others suggest the rate could be lower.”
Read the full article published by CBC on Oct 11, 2016, here.