Tax Tips

• Have you maximized your RRSP / TFSA contributions and taken them at the beginning or during the year?
• Have you combined your donations and had the higher spouse claim them to maximize your credit (for couples) to reduce your income taxes payable?
• Has the lower income earner claimed your medical expenses (for couples)?
• Are you taking advantages of the new income splitting opportunity (for seniors)?
• Do you purchase bus passes?
• Do you know that many individuals do not file their tax returns without realizing that they are entitled to a refund?
• You will also find several important reminders listed on my New Client Registration & Information Form, to allow you to take advantage of other tax credits and deductions you may be entitled to.

Newer credits and deductions!!!

– Have you taken advantage of the new Tax-Free Savings Account (TFSA)?

– Have you applied for the Ontario Senior Homeowners’ Property Tax Grant (OSHPTG)?

Useful Tax Links