Good evening folks. My name is Daniela Minicucci and I'm working alongside Cleo Hamel, Senior Tax Analyst, H&R Block Canada Inc. We're here to help answer all of your tax questions.
Let's get the conversation started. Please feel free to send us a question or phone in to speak directly to one of our tax experts. You can reach us at 1-800-499-3930.
The Manitoba Rent Credit requires you to report all of the rent paid. You will need the personal care home to provide a receipt showing how much of her home care expense is actually rent.
Based on your income, you are in the lowest tax bracket. The amount of your refund is based not only on income but also any other credits you qualify for. Without all of your information, I cannot give a proper estimate.
The CRA requires that you report your marital status correctly to prevent families from receiving benefits they are not entitled to. If you are married and file as single, you may receive GST and CTB which you are not entitled to and you will have to pay it back with interest.
In response to your question, dreaded tax payer, as long as your RRSP statement indicates that it is for the first 60 days of 2011, you may still add it and claim it.
Not sure what your specific question is, however for renters, you may qualify for the Manitoba Rent credit. Make sure you get a receipt from your landlord.
You can visit any H&R Block office and ask the tax experts to help you file a T1 Adjustment. Or you can visit the CRA website and use 'My Account' to adjust that return.
Hi Michael, thanks for your question.
Yes, you will receive a credit but the T4 RSP income would balance it out.
Hi Ann Marie,
You can claim rent on your income taxes if you are living in an assisted living residence. But the residence should be paying property and school taxes.
Here's a question we often hear: "What if I didn't file on time?"
If you owe money, you'll face penalties and interest on the money you owe to Revenue Canada.
If you don't owe money, the government won't pay interest on your refund.
FYI: For folks who were on EI all year, you are still required file a return. EI is considered a taxable income, so yes, you must file.
TIP: The Children's Fitness Tax credit is available for all Canadian families with young kids and teens. $500 per child can be claimed each year.
Students must file a tax return to report tuition and education amounts before they transfer to their parent(s). You can transfer up to $5000.00 to your parents to ease their tax burden.
TIP for transit riders:
Consolidate all of your household's transit passes and receipts to earn a larger credit from the Transit Pass Credit. Note: weekly passes must cover at least three weeks in a month.
Thanks for taking part in our Helpline Taxes blog.
If you have more questions, you can always log on again tomorrow night, Thursday, March 24 at 7 p.m. CT and participate in our Helpline Taxes blog for Saskatoon and Regina.
Our experts will be available to answer your questions online or over the phone, 1-800-499-3930.
Goodnight from the Helpline Taxes team.