Blue Ink Accounting Corporation
200, 17510 107 Avenue N.W. T6E 3N8 Edmonton, AB, Canada

This is so funny but also so true we must continue to keep up the pressure on the Liberals

We have uploaded to our web site the 2016 second quarter, issue no 114 Tax Tips and Traps, Click or cut and paste the link below: https://secure.emochila.com//site12818/files/Qrtly_News_Ju TEACHERS and EARLY CHILDHOOD EDUCATORS, This new 15% refundalbe tax credit ( Max $ 150.00 refund ) to commence in 2016 is based on up to a $ 1,000.00 of eligible expenditures. TEACHERS keep your receipts.

PERSONAL TAX MEASURES Canada Student Grants and Education and Textbook Tax Credits The budget contains comprehensive changes to the Canada Student Loans Program; specifically:... - Canada Student Grant amounts will be increased by 50% for students from low- and middle-income families, as well as for part-time students - The loan repayment threshold in the Repayment Assistance Plan will be increased for recent graduates so that required repayments will not start until graduates are earning at least $25,000 per year In order to help fund these changes, the federal education and textbook tax credits will be eliminated, effective January 1, 2017; the federal tuition tax credit, however, will continue to be available Unused education and textbook credit amounts carried forward from years prior to 2017 will still be claimable in 2017 and subsequent years See more

Tax season is now upon us as T4 and T5 season ends. To serve you better we are now open to 06:30 every night and 07:30 by appointment. We are now also open every Saturday by appointment. If you can't make it in, DON'T PANIC, we are offering electronic services. We are using e-courier for the safe secure transmission of tax returns and financial information, and have a portal for those extra large files that you need to send us. I can't wait to see you this year.

CRA has updated their WEB SITE !!! We now can go back ten --yes, 10-- years for clients to get missing T Slips. I have listed all that CRA track online: T4, T4A, T4Ap, T4A-OAS, T4E, T4RSP, T4RIF, T5007, T5, T5008 and your RRSP slips. Now you don't have to fear the dreaded: I lost my slips, what do I do now !

Watch every week for a tax update: Whats new, Whats changing and even whats old that you may not have known. For everything up to date, go to our new web site