RRSP Deadline for the 2014 tax year. The deadline for RRSP contributions for the 2014 tax year is Monday March 2, 2015.
RRSP 2014 deadline
By Liz O'Dowd on February 17, 2015 
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Tag: deductions
Personal income tax returns – Due date
By Liz O'Dowd on February 17, 2015 Leave a comment
Personal income tax returns, except for those of self-employed individuals, are normally due by April 30th, as is any amount owing. Penalties and interest may be charged for late returns or late payments. If you are filing online, Canada Revenue… {Read more}
New for 2015 – No Child amount tax credit
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TD1 Form – No Child Amount for 2015 Canada Revenue Agency provides employers with TD1 Personal Tax Credits Return forms, both federal and provincial. Employees and pensioners complete the federal form, indicating which non-refundable tax credits they can claim. If more… {Read more}
Personal Tax Returns – Filing with a Spouse
By Liz O'Dowd on February 17, 2015 Leave a comment
Filing tax returns when you have a spouse Spousal tax returns are always filed separately – that is, the tax returns are prepared separately. However, when tax returns are prepared using personal income tax return software, most software will give… {Read more}
Caregiver amount
By Liz O'Dowd on February 17, 2015 Leave a comment
Are you eligible for the caregiver amount If you have a parent or grandparent over the age of 65 living with you, even if they are not your dependent you could be eligible for the caregiver amount, depending on their… {Read more}
Students Savings – Tuition Fees
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim your eligible tuition fees Tuition fees paid to attend your post-secondary educational institution for the tax year in question may be claimed. Enter the tuition amount on line 320 of Schedule 11, Tuition, Education, and Textbook Amounts.
Pre-budget consultations highlighting actions to cut red tape
By Liz O'Dowd on February 2, 2015 Leave a comment
Minister Findlay hosts pre-budget consultations with local business leaders and highlights the Government of Canada’s actions to cut red tape January 19, 2015 – Kelowna, BC – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of… {Read more}
Student savings – Interest paid on your student loans
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim the interest paid on your student loans You may be able to claim an amount for the interest paid on your student loan in 2014 for post-secondary education. You can also claim interest paid over the last five years… {Read more}
Student savings – Eligible moving expenses
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim your eligible moving expenses If you moved for your post-secondary studies and you are a full-time student, you may be able to claim moving expenses. These expenses can only be deducted from the part of your scholarships, fellowships, bursaries, certain prizes, and… {Read more}
Student savings – GST/HST credit
By Liz O'Dowd on February 2, 2015 Leave a comment
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}