By Liz O'Dowd on February 2, 2015 
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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}
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim the education amount As a full-time student (or a part-time student who can claim the disability amount or has a certified mental or physical impairment), you can claim $400 for each month you were enrolled in an educational institution. As a… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
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.
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim the textbook amount Claim this amount only if you are entitled to claim the education amount. You can claim: $65 for each month you qualify for the full-time education amount. Enter this amount on line 7 of Schedule 11; or $20… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
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}
By Liz O'Dowd on February 2, 2015 Leave a comment
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}
By Liz O'Dowd on February 2, 2015 Leave a comment
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}
By Liz O'Dowd on February 2, 2015 Leave a comment
Life events can have an impact on your taxes 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. Applying is… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
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}
By Liz O'Dowd on January 14, 2015 Leave a comment
TD1 forms for Employees and Pensioners The TD1 forms for 2015 are now available from Canada Revenue Agency. If there have been changes which will affect your tax exemptions you should ensure that you complete these forms so that your… {Read more}