Tax season has started and as Canadians prepare to fill out their forms, officials are urging people to be cautious of Canada Revenue Agency (CRA) scams that are already on the rise.
According to Ottawa police, these scams happen all year, but there’s usually an increase in complaints starting in March until the end of April because scammers target people during tax season.
The Canadian Retirement Income Calculator will provide you with retirement income information, including the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits.
Please use the link below
Please see the link to the Charities Listings at CRA website.
It can be used to confirm if a Canadian charity is registered to help guide your donation decisions.
T4 slips begin to arrive in February, good time to think about WHAT TO DO WITH YOUR TAX REFUND.
Effective January 2016 MSP rated will increase by 4.2%. Family of 3 and more will be paying $150/month.
Tax rate changes for individuals and tax-free savings account.
For the 2016 and subsequent tax years, the federal personal income tax rate on taxable income of $45,282 to $90,563 (the second income tax bracket) will be reduced by 1.5% from 22% to 20.5%.
For 2016, the Government proposes a TFSA annual contribution limit of $5,500.