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This site is dedicated to providing you with information for your tax deduction needs. Remember, you can plan tax savings anytime of the year.
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Claim these tax deductions and reduce what you owe or increase your refund for this or a previous tax season.
Continue reading "Tax Deductions You Can Take Advantage Of Right Away"
The Child Care Tax Deduction can make a big difference on your tax return, so if you or your spouse qualifies, it's a must to claim. To find out how...
Thinking of renting out your house, apartment or room? These are the Rental Property Tax Deductions that can be subtracted from the rental income you have earned.
Continue reading "Rental Property Tax Deductions | Property Tax Deductions"
Find out if you can claim charitable tax deductions as well as the forms required to do so. Tax deductions for donations are discussed in a language you can understand.
Continue reading "Charitable Tax Deductions | Tax Deductions For Donations"
These new tax deductions are available to you in the 2013 tax season. This list of tax deductions can help you save your hard earned money as long as you qualify.
Continue reading "New Tax Deductions | 2013 Tax Deductions | List of Tax Deductions"
File by April 30th and incur no penalties or interest
Most Canadian 2024 income tax and benefit returns will be due on April 30th, 2025, your return will be considered on time if the CRA receives it, or if it is postmarked, on or before the next business day. Again, the CRA will consider your return as filed on time if your submission is filed or if it is postmarked by midnight on Wednesday April 30th, 2025
If your return is not filed on time you risk a delay in the processing of your GST/HST Credit; Canada Child Benefit (CCB) payment; Old Age Security Benefit (OAS) payment, along with any provincial credits you are eligible for.
Deadline to contribute to a RRSP, PRPP, OR SPP is February 28th, 2025
Benefit Payment Dates To Remember
Canada Child Benefit
Last: Dec, 2024
Next:
January 20, 2025
GST/HST Credit and Canada
Workers Benefit
Last: Oct , 2024
Next:
January 3, 2025
*Keep your slips, receipts and supporting documents for six years, in case your return is selected for review. Also, keep a copy of your return, notice of assessment and reassessment.
The Upcoming 2024 Filing Deadline
Individuals
Wednesday April 30th, 2025
Self Employed
Monday June 16th, 2025