Everyone has their own style when it comes to filing their tax returns. You can file yourself, or use a tax pro, but make sure you file by the deadline. No matter how you choose to do your return, you want to make sure you are claiming all of the credits and deductions available so you don't pay any more tax than needed.
A report released today by the University of Victoria's Environmental Law Centre calls for sweeping reform of Canadian charitable law in line with other jurisdictions such as the U.S., Australia, New Zealand and England. Current rules around "political activity" are confusing and create an "intolerable state of uncertainty," the report says.
Single parents with custody receive some substantial tax savings and the Canada Revenue Agency will sometimes ask for proof of custody. Even though your children obviously live with you, you need to prove it to the CRA if they ask. They may want a third-party confirmation so be prepared if they come asking.
There is a belief that if you don't earn money or get a refund then it is not worth filing a tax return. This is wrong. If you are planning to get a career, you are going to pay income tax so all of those tuition and education credits will come in handy later. Even if you don't plan on paying income tax in the near future, there are federal and provincial benefits that come as of a result of your tax filing.
with the activities of its charities section having been so thoroughly politicized by the Harper government, we can no longer call the CRA an effective instrument of public policy. Its campaign of vexatious audits of the political activities of progressive charities represents has created a chill in political dissent, and is a new low even for the Conservative regime.
Not terrorists, white-collar crooks, or climate change -- it seems the real threat to Canadian society hides behind a much friendlier face: charities. Or to be more specific, charities critical of the Canadian government. This week it was made public that the Canadian Revenue Agency (CRA) is auditing PEN Canada for its "political activities." In 2012, the Canadian government earmarked $8 million of the CRA's budget for auditing political activities, and then upped that amount again to $13 million. In a time of austerity, there is still a plenty of money to go after enemies of our federal government.