By Liz O'Dowd on February 17, 2015 
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Filing tax returns when you have a spouse Spousal tax returns are always filed separately – that is, the tax returns are prepared separately. However, when tax returns are prepared using personal income tax return software, most software will give… {Read more}
By Liz O'Dowd on February 17, 2015 Leave a comment
Are you eligible for the caregiver amount If you have a parent or grandparent over the age of 65 living with you, even if they are not your dependent you could be eligible for the caregiver amount, depending on their… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim your eligible tuition fees Tuition fees paid to attend your post-secondary educational institution for the tax year in question may be claimed. Enter the tuition amount on line 320 of Schedule 11, Tuition, Education, and Textbook Amounts.
By Liz O'Dowd on February 2, 2015 Leave a comment
Minister Findlay hosts pre-budget consultations with local business leaders and highlights the Government of Canada’s actions to cut red tape January 19, 2015 – Kelowna, BC – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim the interest paid on your student loans You may be able to claim an amount for the interest paid on your student loan in 2014 for post-secondary education. You can also claim interest paid over the last five years… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim your eligible moving expenses If you moved for your post-secondary studies and you are a full-time student, you may be able to claim moving expenses. These expenses can only be deducted from the part of your scholarships, fellowships, bursaries, certain prizes, and… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
GST/HST credit If you are turning 19 before April 1, 2015, you may be eligible for the GST/HST credit. The CRA will determine your eligibility when you file your 2014 income tax and benefit return and will send you a notice of determination… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim your child care expenses If you pay someone to look after your child while you go to school, you may be able to deduct child care expenses. The deduction will vary depending on whether the student is enrolled in… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim the education amount As a full-time student (or a part-time student who can claim the disability amount or has a certified mental or physical impairment), you can claim $400 for each month you were enrolled in an educational institution. As a… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
Claim the public transit amount Public transit passes may be claimed. Keep your transit passes for local buses, streetcars, subways, commuter trains, and local ferries, and enter your total public transit amount on line 364 of Schedule 1, Federal Tax.