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Dear John,
Total compliance costs for filing personal income taxes in 2023 are estimated at $130 per Canadian tax filer, or $4.2 billion altogether.
A new survey finds that roughly half of tax filers prepared their 2022 income tax return themselves, while more than one third used a paid tax preparer.
One way to reduce these compliance costs is to produce prefilled income tax reports for Canadians.
If this process was more streamlined for taxpayers, the federal government would be saving them not only money, but time – another valuable resource expended during tax season.
Learn more here, and be sure to share this study with your friends and colleagues.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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