Taxes

February 1, 2017
Remember to make any required HBP Repayment

Did you participate in the Home Buyer’s Plan (HBP) and your withdrawals have not been fully repaid? Make sure that the HBP repayment is not included in your taxable income. The required repayment will appear

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February 1, 2017
Make a Contribution to your RRSP

Contributions to a Registered Retirement Savings Plan (RRSP) are tax deductible. Your RRSP contribution limit will appear on your Notice of Assessment from the prior year or you can go online using the ‘My Account’

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January 29, 2016
Bought a home in the tax year?

If you bought a home in the tax year, the Canada Revenue Agency (CRA) has a Home Buyers Program (HBP) and a tax credit that may help you save money. To be eligible for the

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January 29, 2016
Has Your Marital Status Changed?

If you got married/entered common law status/were divorced or separated in the tax year, the change in status may impact your tax liability. It is important to inform the Canada Revenue Agency (CRA) as soon

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January 29, 2016
Did you retire before December 31?

Credits and benefits available to you include: Age Amount Pension Income Amount Pension Splitting The age amount tax credit is a non-refundable credit which is available to persons who are aged sixty five (65) years

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January 29, 2016
Do you have a child who is under 18 years of age?

If you have a child who is under 18 years of age, you may qualify to receive the Canada Child Tax Benefit (CCTB).  This benefit is given to families to subsidize the cost of raising

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January 19, 2016
Did you know about the ‘Children’s Fitness Tax Credit’?

You can claim the fees for costs paid in 2015 up to a maximum of $1,000 per child.  To determine if you are eligible, see the CRA’s requirements for more information:  http://www.cra-arc.gc.ca/gncy/bdgt/chldrnsftnss2014-eng.html

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