CRA Warns About Email Scam

The Canada Revenue Agency (CRA) is warning about email scams intended to get your personal information. The scam comes in the form of an email, purportedly from the CRA and asking you for your personal information, or to click on a link to get your refund. The CRA says it does not ask for personal information of any kind by email. These emails can contain special coding or downloadable forms … [Read more...]

Your Income Tax Return: A Guide to the Biggest Refund

Source: The Toronto Star Mastering your income tax return is not as tough as it seems, even though it’s tough to be an expert at something you only do once a year. Whether you decide to pay for income tax help, or do it yourself, getting your tax return right has never been more important. With household debt at a record 150 per cent of disposable income, a tax refund is a good place to start … [Read more...]

2011 Canadian Tax 2 – Claiming Medical Expenses

Until now, when you filed your Canadian Tax return, you were able to claim tax credits for medical expenses for yourself, your spouse or common-law partner, children under 18 and ‘certain other dependants’, such as children older than 18 years of age, grandchildren, grandparents, siblings, aunt, uncle, niece or nephew who were resident of Canada at any time of the year.   Changes in the … [Read more...]

2011 Canadian Tax — Children’s Art Tax Credit

The 2011 Tax filing time is approaching and SmartCanadian will bring you some tips on what has changed compared to the previous years. One of the new additions from 2011 is the ‘Children’s Art Tax Credit’ (CATC). You can claim a maximum of 500 dollars paid as refundable tax credit per child off the fees paid in 2011 related to the cost of registration or membership of your, your spouse’s or … [Read more...]

Common Mistakes Made During Tax Filing

It is tax time, and filling out the tax-form is an art. Recently, the CanadianAccountantTips blog ran a posting on some common errors many of us make: Omitting Small Income For example, many often do not include all their income. Many omit small amounts of income, even though they have to.   Claimable Expenses Then there are expenses for which tax credits can be … [Read more...]

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