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You can start planning for 2017 tax season now! Here are some tips: 1. File your 2017 receipts. Get few envelopes or binders, label them, and put all receipts in one spot. Also keep track of your kilometres if you use your car for business (of course, the best instrument is a log). 2. Even though everyone loves a big refund cheque, if you get a refund that means that you lended some money to the government for the year and now you are just getting it back. File form T1213 and... decrease the amount of deductions at source. 3. There are some government grants that will defer the income taxable in the form of RESP and RDSP (RDSP is a less known instrument intended to help parents and others save for the long term financial security of a person who is eligible for the disability tax credit) 4. Make automatic deposits to RRSP at source.

If you are amongst the 50% of population that hasn't filed their tax return yet, and if you have some questions, you might want to consult CRA's 5 most popular questions: Last month, the CRA published its list of the top five most asked questions: How do I change my address?... If you’ve previously registered for the CRA’s online services, you can change your address by going to the My Account feature on the CRA’s website or through the CRA’s mobile app. For those less electronically-inclined, you can still fill out a form (Form RC325, Address change request), or simply write a letter and send it by snail mail to your tax centre. How do I change my marital status? You can also change your marital status online by selecting Change my marital status in the My Account site or by selecting Marital status in the MyCRA mobile app. Of course, you can also do this by phone, fax or mail using Form RC65, Marital Status Change. What is my balance owing or where is my refund? You can check your balance owing or the status of your refund, including the refund method (direct deposit or mailed cheque), the date it was sent, and the amount either through My Account or the MyCRA app. You can also call the Tax Information Phone Service (TIPS) at 1-800-267-6999. How can I get a copy of my notice of assessment or reassessment? You can easily get a copy through My Account, where you can view and print detailed information on an (re)assessment or reassessment for the current year along with the past ten tax previous years. You can also get your notices electronically by signing up for online mail. Where can I get help with my income tax and benefit return? Last but not least, if you need help filing your return, have a low income, and a simple tax situation, volunteers can help file your return for you through clinics that operate from now until the end of April. For more info, see the CRA’s website for info on the Community Volunteer Income Tax Program.

Misplaced tax slip? Did you know that you can find the tax slips that were issued on your name in CRA's MyAccount for individuals ? If you misplaced a tax slip or you just want to make sure you are declaring all the tax slips, logging in and checking MyAccount might be a good starting point.

New for 2016 - at tax time, make sure you tell your accountant (or me) if you sell your residence, since the disposition has to be now reported in schedule 3. Reassessment period - Under proposed legislation, for tax years that end after October 2, 2016, the CRA may at any time reassess your income tax return if you fail to report a sale or other disposition of real estate.

Usually the deadline to file your taxes is April 30th. This days falls on a Sunday this year so CRA will consider your return filed on time and your payment made on time if they receive it by midnight on May 1, 2017, or if it is postmarked May 1, 2017. If you or your spouse or common-law partner is self-employed, you have until June 15, 2017 to file your income tax and benefit returns.

Employment expenses In specific cases you can deduct employment expenses like: - Accounting and legal fees (commission income only) - Allowable motor vehicle expenses (gas, insurance etc)... - Travel and parking - Salary-related (e.g., secretary) - Office rent or work space in the home - Supplies There is a condition: your employer has to complete form T2200 (Declaration of Conditions of Employment) for you to be able to deduct the expenses. You will have to keep the form in case CRA asks for it at a later date. See more

New in 2017 Budget New Canada Caregiver Credit Budget 2017 proposes to eliminate the current Caregiver Credit, Infirm Dependant Credit and Family Caregiver Tax Credit. These three credits will be replaced with a single new tax credit, the Canada Caregiver Credit, which is intended to provide better support to those who need it most, apply to caregivers whether or not they live with their family member and help families with caregiving responsibilities....Continue reading

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You can start planning for 2017 tax season now! Here are some tips: 1. File your 2017 receipts. Get few envelopes or binders, label them, and put all receipts in one spot. Also keep track of your kilometres if you use your car for business (of course, the best instrument is a log). 2. Even though everyone loves a big refund cheque, if you get a refund that means that you lended some money to the government for the year and now you are just getting it back. File form T1213 and... decrease the amount of deductions at source. 3. There are some government grants that will defer the income taxable in the form of RESP and RDSP (RDSP is a less known instrument intended to help parents and others save for the long term financial security of a person who is eligible for the disability tax credit) 4. Make automatic deposits to RRSP at source.

If you are amongst the 50% of population that hasn't filed their tax return yet, and if you have some questions, you might want to consult CRA's 5 most popular questions: Last month, the CRA published its list of the top five most asked questions: How do I change my address?... If you’ve previously registered for the CRA’s online services, you can change your address by going to the My Account feature on the CRA’s website or through the CRA’s mobile app. For those less electronically-inclined, you can still fill out a form (Form RC325, Address change request), or simply write a letter and send it by snail mail to your tax centre. How do I change my marital status? You can also change your marital status online by selecting Change my marital status in the My Account site or by selecting Marital status in the MyCRA mobile app. Of course, you can also do this by phone, fax or mail using Form RC65, Marital Status Change. What is my balance owing or where is my refund? You can check your balance owing or the status of your refund, including the refund method (direct deposit or mailed cheque), the date it was sent, and the amount either through My Account or the MyCRA app. You can also call the Tax Information Phone Service (TIPS) at 1-800-267-6999. How can I get a copy of my notice of assessment or reassessment? You can easily get a copy through My Account, where you can view and print detailed information on an (re)assessment or reassessment for the current year along with the past ten tax previous years. You can also get your notices electronically by signing up for online mail. Where can I get help with my income tax and benefit return? Last but not least, if you need help filing your return, have a low income, and a simple tax situation, volunteers can help file your return for you through clinics that operate from now until the end of April. For more info, see the CRA’s website for info on the Community Volunteer Income Tax Program.

Misplaced tax slip? Did you know that you can find the tax slips that were issued on your name in CRA's MyAccount for individuals ? If you misplaced a tax slip or you just want to make sure you are declaring all the tax slips, logging in and checking MyAccount might be a good starting point.

New for 2016 - at tax time, make sure you tell your accountant (or me) if you sell your residence, since the disposition has to be now reported in schedule 3. Reassessment period - Under proposed legislation, for tax years that end after October 2, 2016, the CRA may at any time reassess your income tax return if you fail to report a sale or other disposition of real estate.

Usually the deadline to file your taxes is April 30th. This days falls on a Sunday this year so CRA will consider your return filed on time and your payment made on time if they receive it by midnight on May 1, 2017, or if it is postmarked May 1, 2017. If you or your spouse or common-law partner is self-employed, you have until June 15, 2017 to file your income tax and benefit returns.