oyeStudent

why gathering every single document is essential before you hit “submit.”

1. The “Repeated Failure to Report Income”
Penalty
This is the most significant financial risk. The CRA is surprisingly forgiving of a first-time mistake; they will usually just adjust your return and charge a bit of interest. However, if you forget a slip (like a T4 or T5) twice within a four-year period, they can trigger a heavy penalty.

• The Penalty: The lesser of 10% of the amount you failed to report, or 50% of the difference between the tax you paid and what you actually owed.

• Why it happens: The CRA already has copies of your slips from your employer or bank. Their systems automatically cross-reference your return with their records. If there’s a mismatch, they will find it.

We charge $30 for basic tax filling you can visit our website Keentax.ca and submit your tax documents and Forms .

We will start filling tax from February 23rd . You can DM us for queries and Questions related to Immigration and Tax.

Did you know you can carry your losses back up to three years to recover taxes already paid? 🛡️

5 Min ATTA ready ! Saves you time and Effort .

Everyone can claim the basic personal amount, while Canada workers benefits have certain eligibility criteria, students are eligible for Tuition tax credits to reduce Taxes.

Tax Filling stars Feb 21. Our tax filling price starts from $30 plus Tax no hidden charges we claim all benefit’s and credits .

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Make the most of tax credits to minimize what you owe or maximize your refund.

The federal government has officially rebranded a Tax credit.

Here’s what you need to know: 💰 One-Time Top-Up: A lump sum payment (50% of your annual credit) is coming this Spring! 📈 Permanent 25% Increase: Starting July 2026, quarterly payments are getting a major boost. ✅ No Application Needed: Just file your 2025 taxes to stay eligible.

Tag a friend who needs to see this! 👇