GST/HST credit If you are turning 19 before April 1, 2015, you may be eligible for the GST/HST credit. The CRA will determine your eligibility when you file your 2014 income tax and benefit return and will send you a notice of determination… {Read more}
Category: Tax Alerts
Student savings – Child care expenses
Claim your child care expenses If you pay someone to look after your child while you go to school, you may be able to deduct child care expenses. The deduction will vary depending on whether the student is enrolled in… {Read more}
Student savings – Public transit amount
Claim the public transit amount Public transit passes may be claimed. Keep your transit passes for local buses, streetcars, subways, commuter trains, and local ferries, and enter your total public transit amount on line 364 of Schedule 1, Federal Tax.
Minister Findlay Golden Scissors Award winner
Minister Findlay named CFIB’s 2015 Golden Scissors Award winner Government of Canada continues to champion red tape reduction for the benefit of small business January 23, 2015 – Vancouver, BC – Canada Revenue Agency The Canadian Federation of Independent Business… {Read more}
Life Events that impact your taxes – Getting Married
Life events can have an impact on your taxes If your marital status changes, it’s important to let the Canada Revenue Agency (CRA) know as soon as possible. Getting married Change your marital status – You can change your marital status… {Read more}
Life events that impact your taxes – Getting Divorced
Life events can have an impact on your taxes If your marital status changes, it’s important to let the Canada Revenue Agency (CRA) know as soon as possible Getting divorced Change your marital status – If your marital status changes… {Read more}
Having a baby – Benefits you need to know about
Having a baby If you have a new baby or have a baby on the way, there are plenty of credits and benefits you may be entitled to receive. Explanations of these benefits are provided below. Canada child tax benefit… {Read more}
RRSP Contributions
CONTRIBUTE TO YOUR RRSP The most popular tax tool available to taxpayers is investing in a retirement saving plan(RRSP) Contributions to RRSP’s are tax deductible and the income earned within the plan grows tax deferred until retirement. You can claim… {Read more}
Benefits and credits designed for seniors
Are you 65 or older? Claim your benefits and credits Did you know? There are several benefits and credits designed for seniors. Age amount – You can claim this amount if you were 65 years of age or older on… {Read more}
Whats new for this tax-filing season – Childrens fitness amount
Under proposed changes, the maximum amount of eligible fees for each child has increased to $1,000.