• Got children under 16? You may want to claim this.

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    If you have children under 16 (or under 18 with disability), you can claim to a maximum of $500 per child the fees paid in 2013 relating to the cost of registration or membership for your or your spouse’s or common-law partner’s child in a prescribed program of physical activity. Eligibility The child must have been […]

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  • Get extra credit for your donations.

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    Canada Revenue Agency has introduced a Super Credit for first time donors (see eligibility criteria below). The new first-time donor’s super credit (FDSC) supplements the value of the charitable donations tax credit (CDTC) by 25% on donations made after March 20, 2013, by a first-time donor. Watch the video – First-time donor’s super credit For the purpose of […]

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  • Cannot afford to file a return? Need help to prepare your return?

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    If you do not know how to prepare your income tax and benefit return, the Community Volunteer Income Tax Program (CVITP) may be able to help you. Community organization volunteers prepare returns for eligible taxpayers who have low to modest income and a simple tax situation. Are you eligible for help? To find out if you are […]

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  • Beware of Fraudulent Communications from the CRA

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    This article has been re posted from the Canada Revenue Agency’s website. Original post available on http://www.cra-arc.gc.ca/ntcs/bwr-eng.html Occasionally, taxpayers may receive, either by telephone, mail, or email, a communication that claims to be from the Canada Revenue Agency (CRA) but is NOT. In all these cases, the communication requests personal information, such as a social […]

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  • To Incorporate or Not

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    I think this is by far the most common question I have been asked as an accountant. A good accountant will usually ask many questions before they can provide a definitive advice. My aim is not to give you a definitive advice; rather, the aim is to take you through the thought process of an […]

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