Many of you probably have either completed your 2018 tax return or are getting ready to do so. One of the burning questions you may have is, how long does a tax return take? The answer to that question varies depending on several factors.
Factors Affecting the Arrival of Your Tax Return
If you file online, Canada Revenue Agency’s (CRA) website states that you will receive any refund within two weeks. However, if you file old style or a paper return, do not expect a return for about eight weeks. Your assessment should arrive around the time of your refund, give or take, of course.
Factors affecting the arrival of your tax return are:
- When did you file? How many others filed at the same time?
- How busy was your tax advisor when they received your taxes?
- Did you have any mistakes? Did you forget anything?
- Did your marital status change?
- Did you owe from a previous year? If so, chances are if you have a refund for 2018 taxes, CRA will confiscate it or at least what you are owing.
- Do you have direct deposit set up or do you receive a check? Direct deposit is very convenient and the most popular way to receive money from CRA.
Remember, if your taxes were in order and there are no concerns on CRA’s part, you will receive your refund as soon as they are able to process it. Two weeks for online filing or eight weeks for paper filing via Canada post. Once you receive your refund, take stock of your office supplies and visit 123ink.ca for all your office needs!