Credits

Tips to Avoid CRA Adjustments

2018-07-18T15:28:21+00:00

Here are some tips from the Canada Revenue Agency’s review programs. Following these tips should help reduce the number of adjustments the CRA needs to make to returns each year. No reply received If you do not provide the information requested within the timeframe indicated on the letter, the CRA

Tips to Avoid CRA Adjustments2018-07-18T15:28:21+00:00

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

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

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

Why it Makes Sense to Donate Your Investments to Charity

2017-02-22T14:21:40+00:00

Canadians commonly donate cash to charities; however, the Canada Revenue Agency recognizes more than just donations of cash.  In fact, a range of gifts qualify for the Charitable Tax Credits.  Donations of ecologically sensitive land, certified cultural property, capital property, personal-use property, inventory, and most notably securities qualify as well. If you own securities

Why it Makes Sense to Donate Your Investments to Charity2017-02-22T14:21:40+00:00

65+ Benefits & Credits

2015-02-19T04:54:21+00:00

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 December 31, 2014, and your net income is less than $ 80,980. The maximum amount you can claim is $ 6,916. Pension income amount – You

65+ Benefits & Credits2015-02-19T04:54:21+00:00

Are You 65 or Older? Claim your benefits and credits!

2014-02-13T10:24:48+00:00

Important information for seniors Age amount – You can claim this amount if you were 65 years of age or older on December 31, 2013, and your net income is less than $ 80,256. The maximum amount you can claim is $ 6,854. Pension income amount – You may be able to claim up to

Are You 65 or Older? Claim your benefits and credits!2014-02-13T10:24:48+00:00

Are You 65 or Older? Claim Your Benefits and Credits

2013-02-06T09:22:40+00:00

Did you know? There are several benefits and credits designed for seniors. Important information for seniors Age Amount – You can claim this amount if you were 65 years of age or older on December 31, 2012, and your net income is less than $ 78,684. The maximum amount you can claim is $ 6,720.

Are You 65 or Older? Claim Your Benefits and Credits2013-02-06T09:22:40+00:00