Tax Tips

• Amounts for Eligible Children   (On returns prior to year 2014)
• Amount for Infirm Dependants
• Volunteer Fire Fighter Tax Credit
• Search & Rescue Volunteers’ Amount
• First Time Home Buyer’s Tax Credit – $750 Rebate
• First-time Donor’s Super Credit   (Expired after Tax Year 2017)
• Adoption Expenses
• Pension Income Amount
• Family Caregiver Amount
• Caregiver Amount
• Disability Amount
• Interest paid on Student Loans
• Tuition/ Education / Textbook Amount
• Medical Expenses
• Donations

Do you qualify for the following Deductions?

• Pension Income Splitting
• Employment Expenses
• Tradesperson’s Tool Deduction
• Moving Expenses
• Climate Action Incentive
• Canadian Journalism Labour Tax Credit
• Eligible Educator School Supply Tax Credit (Supplies Expense)
• Canada Training Credit – CTC
• Canada Workers Benefit – CWB

Did you remember to . . .

• Apply for the GST Credit
• Apply for the Child Tax Credit
• Climate Action Incentive
• Update your contact information with CRA

Bookkeeping tips:

• Do it to grow your business!
• Success in growing your business requires accurate & up to date bookkeeping:
• Always keep your bookkeeping current
• Always maintain an auto mileage log
• Record keeping should clearly show your income & expenses
• Save all receipts!