{"id":"making-it-easier-canadians-manage-their-taxes","slug":"making-it-easier-canadians-manage-their-taxes","title":"Making it easier for Canadians to manage their taxes","chapter":6,"section":"6.1","section_title":"Simplifying the tax system","heading":"Making it easier for Canadians to manage their taxes","in_cost_table":true,"capital":false,"fiscal":{"unit":"CAD millions","basis":"accrual, incremental impact on budgetary balance (expense or forgone revenue)","years":["2026-27","2027-28","2028-29","2029-30","2030-31"],"gross":[16.0,114.0,219.0,231.0,241.0],"gross_total":821.0,"flags":[null,null,null,null,null],"adjustments":[],"net":[16.0,114.0,219.0,231.0,241.0],"net_total":821.0,"table":{"pdf_page":329,"printed_page":311}},"description":null,"commitments":[{"text":"To save Canadians time and effort while making it easier for them to meet their tax obligations, Budget 2026 proposes to: Amend the Income Tax Act to increase the instalment thresholds, which have not changed since 2008, to $7,500 and index them to inflation.","pdf_page":308,"printed_page":290,"quote":"To save Canadians time and effort while making it easier for them to meet their tax obligations, Budget 2026 proposes to: Amend the Income Tax Act to increase the instalment thresholds, which have not changed since 2008, to $7,500 and index them to inflation."},{"text":"In addition, Budget 2026 proposes to simplify the instalment regime for self-employed business owners, including by allowing them to make a single payment of two thirds of their net tax owing by December 31.","pdf_page":308,"printed_page":290,"quote":"In addition, Budget 2026 proposes to simplify the instalment regime for self-employed business owners, including by allowing them to make a single payment of two thirds of their net tax owing by December 31."},{"text":"To reduce the time and effort Canadians are required to spend managing their tax affairs, Budget 2026 proposes practical changes to simplify deadlines, filings, and interactions with the CRA, ultimately reducing the time tax on Canadians: Make tax filing simpler and more accurate by setting May 15 as the single due date for filing returns and paying taxes owing (including for self-employed individuals).","pdf_page":308,"printed_page":290,"quote":"To reduce the time and effort Canadians are required to spend managing their tax affairs, Budget 2026 proposes practical changes to simplify deadlines, filings, and interactions with the CRA, ultimately reducing the time tax on Canadians: Make tax filing simpler and more accurate by setting May 15 as the single due date for filing returns …"},{"text":"Budget 2026 proposes to provide most taxpayers with one year after a notice of assessment is sent to file an objection, while individuals and graduated rate estates would have until the later of that date and two years after their tax return filing due date.","pdf_page":309,"printed_page":291,"quote":"Budget 2026 proposes to provide most taxpayers with one year after a notice of assessment is sent to file an objection, while individuals and graduated rate estates would have until the later of that date and two years after their tax return filing due date."},{"text":"Budget 2026 proposes to amend the Income Tax Act to reduce these barriers, including: Simplifying the Northern Residents Deductions, for 2027 and subsequent taxation years, so that the calculation of the travel deduction no longer depends on whether an individual receives employer-provided travel benefits.","pdf_page":309,"printed_page":291,"quote":"Budget 2026 proposes to amend the Income Tax Act to reduce these barriers, including: Simplifying the Northern Residents Deductions, for 2027 and subsequent taxation years, so that the calculation of the travel deduction no longer depends on whether an individual receives employer-provided travel benefits."}],"amounts_in_text":["$230 million","$55 million","$99 million over four years, starting in 2027-28, and $26 million ongoing","$39 million over five years, starting in 2026-27, and $15 million per year","$12 million over four years, starting in 2027-28, and $3 million ongoing","$4 million over four years, starting in 2027-28, and $1 million ongoing","$27 million over four years, starting in 2027-28, and $7 million per year","$7 million over four years, starting in 2027-28, and $2 million per year"],"source":{"pdf_page":308,"printed_page":290,"chapter_url":"https://budget.canada.ca/2026/report-rapport/chap6-en.html"},"money_type":"tax","involves_loans":false,"lenses":["households"],"url":"https://budget2026.warreandvavasour.com/measures/making-it-easier-canadians-manage-their-taxes/","chapter_title":"A more efficient government"}