Top Tips You Should Know About Your Taxes
Did you know?
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 03/04/13 -- The Canada Revenue Agency (CRA) is here to help you during tax season. Here is a list of tips you should know about your taxes, including many ways to help you save money at tax time.
For individuals
1. - Register for and sign up for so you'll be ready when you file your return. Also be sure to file on time to avoid late-filing penalties and fees and to make sure there are no interruptions to your benefit and credit payments.
2. - Using a TFSA is a great way to save money. Generally, interest, dividends, and capital gains earned on investments in a TFSA are not subject to tax---either while held in the account or when withdrawn.
3. - You can save on your taxes and save for your retirement at the same time. Contributions to your RRSP are tax-deductible, and any income that you earn in your RRSP accumulates tax-free as long as the funds stay in the plan.
4. - Donations of cash, goods, land, or listed securities made to a registered charity or other qualified donees may be eligible for a charitable tax credit.
5. - There are many ways families can save at tax time. The activities you signed your kids up for may save you money on your taxes---save those receipts! If you care for dependants with a physical or mental impairment, you may be able to claim up to an additional $2,000 in the calculation of certain non-refundable tax credits related to the new .
6. - Were you a student during 2012? You may be able to claim tuition, textbook, and education amounts, as well as the interest you paid on your student loan.
7. - If you use public transit, you may be able to save by claiming the cost of your transit passes.
8. - If you receive a pension, you may be able to split up to 50% of eligible pension income with your spouse or common-law partner to reduce the taxes that you pay. You may also be eligible to claim the age amount, medical expenses, and the disability amount.
9. - You may be able to save up to $750 if you bought your first home in 2012.
For more information, visit our Web site at .
Fast facts about filing your income tax return online
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You can also visit us on for tax-related videos.
Contacts:
Noel Carisse
Media Relations
Canada Revenue Agency
613-952-9184
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 04.03.2013 - 15:42 Uhr
Sprache: Deutsch
News-ID 235608
Anzahl Zeichen: 7838
contact information:
Town:
OTTAWA, ONTARIO
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Local
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