It is the Canada Revenue’s goal to issue a notice of assessment, including any applicable refund, within:
- two weeks of receiving your electronically filed return; or
- eight weeks of receiving your paper filed return.
These timelines are ONLY valid for returns received on or before their filing due dates.
The CRA may take longer to process your return if they select it for a more detailed review.
If you choose to use direct deposit, you could get your refund faster.
Why haven’t you received your refund for 2017?
We may keep some or all of your refund if you:
- owe or are about to owe a balance
- have a garnishment order under the Family Orders and Agreements Enforcement Assistance Act
- have certain other outstanding federal, provincial, or territorial government debts, such as student loans, employment insurance and social assistance benefit overpayments, immigration loans, and training allowance overpayments
- have any outstanding GST/HST returns from a sole proprietorship or partnership
- have a refund of $2 or less
Do you get interest on your refund?
The Canada Revenue Agency will pay you compound daily interest on your tax refund for 2017. The calculation will start on the latest of the following three dates:
- May 31st, 2018
- the 31st day after you file your return
- the day after you overpaid your taxes
If you would like more information on various programs, deductions and credits that can help save you money, contact GB Pilley & Associates Ltd., Chartered Professional Accountants at 604 926 3522.