benefits

Why Have Your Benefit and Credit Payments Changed?

2018-07-04T15:10:30+00:00

Each summer, following the tax filing season, the Canada Revenue Agency (CRA) uses information from an individual’s income tax and benefit return, along with the return of their spouse or common-law partner, to calculate benefit and credit payments for the upcoming year. Starting in July, eligible benefit and credit recipients

Why Have Your Benefit and Credit Payments Changed?2018-07-04T15:10:30+00:00

Income Tax Being Reviewed? Do Not Worry.

2018-06-28T12:04:45+00:00

An income tax review is easier than you think!  Since Canada's tax system is based on self-assessment, these reviews help confirm that income amounts, deductions, and credits are reported correctly, and can be properly supported. It is OK. If you receive a letter from the Canada Revenue Agency (CRA) telling you that your income tax return

Income Tax Being Reviewed? Do Not Worry.2018-06-28T12:04:45+00:00

Getting Ready for Your 2017 Income Tax Return

2018-01-24T16:09:53+00:00

As we approach the tax time, here are some answers to questions you may have.  1. Do you need to do your taxes? Doing your taxes is part of your responsibilities as a taxpayer. Doing your taxes means you have to fill out various forms, including the ones in the income tax packages. They

Getting Ready for Your 2017 Income Tax Return2018-01-24T16:09:53+00:00

Canada Pension Plan Disability Benefit

2017-11-15T14:31:00+00:00

Overview Canada Pension Plan (CPP) provides disability benefits to people who have made enough contributions to the CPP and who are disabled and cannot work at any job on a regular basis. Benefits may also be available to their dependent children. CPP disability benefit A taxable monthly payment that is available to people who have contributed

Canada Pension Plan Disability Benefit2017-11-15T14:31:00+00:00

Students: What You Need to Know about Your Taxes

2017-11-08T14:34:24+00:00

When you’re a student, every dollar counts. So make sure you’re getting all the tax credits, deductions, and benefits you are eligible for by doing your taxes. Even if you have little or no income, you should still file your tax return because you could get money back! Here are some tips to

Students: What You Need to Know about Your Taxes2017-11-08T14:34:24+00:00

The Importance of Financial Literacy

2017-11-01T14:27:25+00:00

Did you know? November is Financial Literacy Month in Canada. Financial literacy is defined as having the knowledge, skills and confidence to make responsible financial decisions at any stage of your life. The Canada Revenue Agency (CRA) recognizes the importance of providing Canadians with the information and skills they need to make informed financial

The Importance of Financial Literacy2017-11-01T14:27:25+00:00

Tax Credits, Benefits and Deductions for Seniors to Enjoy

2017-07-19T14:45:58+00:00

  The Canada Revenue Agency (CRA) wants seniors to get the tax credits, deductions, and benefits they are eligible for. Here are 11 of the most common credits and benefits for seniors. Pension income splitting – If you receive a pension, you may be eligible to split up to 50{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} of your eligible pension income with

Tax Credits, Benefits and Deductions for Seniors to Enjoy2017-07-19T14:45:58+00:00

Your Marital Status May Affect Your Taxes and Benefits

2017-06-07T15:07:56+00:00

Did you recently get married or enter into a common-law partnership? Did you separate or divorce? Were you recently widowed? It is important to inform the CRA about changes in your marital status to make sure you receive the right amount in benefit and credit payments. When your marital status changes, your benefit

Your Marital Status May Affect Your Taxes and Benefits2017-06-07T15:07:56+00:00

6 Mistakes to Avoid at Tax Time

2017-04-26T15:40:24+00:00

Here are some tax tips that can save you time and money! At tax time, avoid the following six things: 1. Not doing your taxes Even if you have not received income for 2016, you should still file your income tax and benefit return. You may be eligible for a refund, credits and benefits such

6 Mistakes to Avoid at Tax Time2017-04-26T15:40:24+00:00

Penalties for not filing on time

2015-06-20T15:18:24+00:00

Important facts You have until midnight on or before April 30, 2015, to file your 2014 income tax and benefit return. If you or your spouse or common-law partner is self-employed, you have until midnight on June 15, 2015, to file your return. Any balance owing must be paid on or before April 30, 2015—even if

Penalties for not filing on time2015-06-20T15:18:24+00:00