Personal Tax Returns By Whitney

Tax tip #8 If you recieved a scholarship or government grant (like the ones that come with student loans) towards post secondary education you have to claim those amounts on your tax return.

Tax tip #7 RRSP contributions reduce your income directly. You can defer the tax you owe on that income until a tax year when you have a lower income.

Hey all my volunteer firefighter friends out there! Tax tip #6 If you have completed 200 hours or more of volunteer service, you may be eligible for a deduction/exemption, ask me for more details.

Tax tip #5 Sold your house in 2017? Don't forget you have to report it on your income tax return. As long as it's your principal residence, you don't have to worry about capital gains.

Tax Tip #4 This one is a little late this week. If you are paying interest on a student loan, you can claim that as a deduction on your income tax return.