Having a baby? Learn what tax changes to expect

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 01/24/17 -- Congratulations! If you have a new baby or a baby on the way, there are many benefits and credits you may be eligible to receive, and tax changes to consider.

Apply for child benefits

With the , you can automatically apply for child benefits when registering the birth of your new baby. If you live in a province that has ABA and give your permission, you will automatically be applying or registering for:

If you live in a territory that does not have ABA, you can apply for child and family benefits using the "Apply for child benefits" service through or by completing and mailing to your .

Can you claim the working income tax benefit?

Your baby is considered an , which means you may now claim the , or the amount you claimed before might increase. The WITB is a refundable tax credit that provides tax help for working low-income families and individuals. Eligible individuals and families may be able to apply for WITB advance payments, which are paid quarterly.

Save for your child's education

It's never too early to start saving for your child's future education by contributing to a . Programs such as the and the are other reasons for creating an RESP for your child. These programs may provide incentives for using an RESP to save for a child's education after high school (post-secondary education).

For more information on child and family benefits, go to .

Stay connected

To receive updates on what is new at the Canada Revenue Agency, you can:

- Follow the CRA on Twitter - .

- Follow the CRA on .

- Subscribe to a CRA .

- Add our to your feed reader.

- Watch our tax-related videos on .



Contacts:
Media Relations
Canada Revenue Agency
613-941-6269

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Bereitgestellt von Benutzer: Marketwired
Datum: 24.01.2017 - 14:54 Uhr
Sprache: Deutsch
News-ID 519565
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