Many local young adults failing to learn how to file their taxes

Ryan Brough
By Ryan Brough April 4, 2014 12:47

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Many local young adults failing to learn how to file their taxes

Tecumseh Macguigan files his taxes online before the deadline on April 30. Photo By Ryan Brough

Tecumseh Macguigan files his taxes online before the deadline on April 30.
Photo By Ryan Brough

By Ryan Brough

An informal poll about filing taxes shows that most young adults are in the dark when it comes to the annual practice.

Ten young adults between the ages of 20 and 24 were asked about preparing their income tax. From this group nine out of 10 indicated they have never attempted to fill out their own taxes. Some of them admitted they don’t know what filing their taxes entails. The one who did do his taxes on his own is currently studying accounting at St. Clair College.

“I’m doing them myself and it wasn’t difficult at all because of the schooling I have taken,” said Aaron Stephenson. “I think a lot of people choose to have their parents do it because they are lazy.”

Nearly half of the Canadians who filed their taxes in 2013 used the CRA’s EFILE. No one who took the survey, except for Stephenson, had no idea what the CRA’s EFILE is. EFILE is a service available to electronically file the current and first prior year income tax and benefit return. Still some young adults may not want this responsibility. Half of the young people surveyed said they let their parents handle everything.

“My dad usually takes care of my finances, so I just send him my documents via email,” said Lauren Malcolm a 22-year-old who works as a mobile cell phone advisor.

Going to the post office to pick up a paper tax form is much less popular than it once was and easier ways of filing are available right from home. Technology has made filing taxes much more convenient. CRA also has volunteers available to help anyone interested in preparing their own tax return. Every Canadian can benefit from knowing what’s involved in filing their tax return every year. The deadline to file is April 30.

Ryan Brough
By Ryan Brough April 4, 2014 12:47