CRA Reports on the 2026 Tax Season: Takeaways for Newcomers and Cross-Border Filers

Summary

With the April 30 filing deadline behind it, the Canada Revenue Agency (CRA) has released its wrap-up of the 2026 tax season. According to the news release, more than 28.5 million returns were filed this season, 95.6% of them online. The CRA also issued over 15 million refunds totalling more than $35 billion, with an average refund of $2,282. The headline numbers describe a highly digital filing environment — and they are a useful reminder that receiving a refund on time starts with an accurate and complete return, not merely a fast one.

For newcomers facing a first Canadian return and for cross-border filers who also report to the IRS, the report's real message is that the first return must be done correctly. Residency start dates, worldwide income and foreign-asset disclosure obligations all converge in that first filing. An error can trigger corrections or CRA review processes that take far longer than a well-prepared first return would have taken.

Sources

Our Take

In our cross-border practice, we see higher online-filing rates and faster refund processing as positive signs — but not as a reason to treat a first return casually. A newcomer's first Canadian tax year typically means sorting out residency-start dates, worldwide income reporting and how U.S.-side accounts and assets fit into the Canadian picture. In cross-border situations, an error on one side of the border can complicate the treatment on the other side as well.

For newcomers and cross-border filers, we recommend keeping clear records of arrival dates, overseas income and assets, and consulting a licensed CPA familiar with both Canadian and U.S. rules before the first return is filed. Efficient service cannot substitute for an accurate return.

Disclaimer: This article is general information only and does not constitute tax advice; it should not substitute professional tax counsel. Please consult a licensed CPA for advice specific to your situation.