Saturday, August 15, 2026
Facts you can rely on·101 entities·4,805 sourced facts
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  • 46% of Canadians with debts are concerned about their ability to pay off debt such as credit cards, loans, and/or mortgage repayments

    60% confidence
  • 65% of Canadians were not aware that you can amend tax returns from the last 10 years to claim missed benefits, deductions, or credits

    60% confidence
  • More than a third (34%) say they're inclined to review prior returns in case they missed any tax benefits, credits or deductions

    60% confidence
  • Around two-thirds of Canadians expect a refund this tax season

    60% confidence
  • Even if you have no or minimal income, the only way to access year-round tax credits and benefits is to file current year's taxes, which can equate to hundreds or thousands of dollars

    60% confidence
  • Many Canadians are feeling financial strain of high cost-of-living outpacing their income level

    60% confidence
  • 38% of Canadians believed there are amounts they could still claim when learning they can amend prior tax returns

    60% confidence
  • 77% of Canadians putting money aside say they're going to put less into savings as a result of higher costs

    60% confidence
  • Through Free Second Look program reviewing returns filed elsewhere, on average H&R Block finds about $2,725 of missed money for about 60% of those clients

    60% confidence
  • 58% of Canadians that earn income say despite making decent salary, they struggle to make ends meet for everyday expenses

    60% confidence
  • 53% of Canadians feel good about their current financial situation while 46% are not feeling positive

    60% confidence
  • 62% of working Canadians say they live comfortably at their income level while 38% report they're not living comfortably

    60% confidence
  • 46% of working Canadians say their paycheque only covers day-to-day living costs without money left over

    60% confidence
  • 54% of Canadians are concerned that 2026 is going to be a challenging year for them financially

    60% confidence
  • 7% of Canadians don't plan to file their taxes, representing more than 2 million adult Canadians who could miss out on year-round tax credits and benefits

    60% confidence
  • 72% of Canadians plan to reduce their spending in 2026

    60% confidence
  • 79% of working Canadians are concerned their income is not keeping pace with cost-of-living realities

    60% confidence
  • 55% of Canadians report they're currently saving or putting aside money each month compared to 41% who say they're not able to

    60% confidence
  • 59% of Canadians feel they have good understanding of tax credits and benefits available while 41% are not confident in their understanding

    60% confidence
  • 65% of all Canadians say they're expecting a refund this tax season

    60% confidence
  • 35% of Canadians say they can't stretch their paycheque to see them through to next pay day, often reverting to credit card, overdraft or bridging loans

    60% confidence
Source | Via News | Finance Via News