Tag Archives: Tax return

Tax Credit for Students

    If you or your child or spouse have attended university you should know that there are a the large tax breaks available to students.   Those who struggle with tuition fees and could benefit from the tax breaks the most are often the ones who are unaware of them or unaware of how

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List of necessary documents for tax return

Preparing for Your Taxes Bringing Key Records Click the link “tax checklist” bellow to see all the necessary documents required for your tax return. taxchecklist

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Non-for-profit (NPO) organisations has to file tax return or not?

Do non-for-profit (NPO) organizations have to file tax returns? What are the consequences? I was asked this question by people who represent churches or different associations to which I will refer them in this article as NPOs. See bellow what Canada Revenue Agency is saying about the obligation of filing the tax returns for NPOs.

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Charitable Donation Credit

A federal charitable-donation credit is provided to individuals who contribute to qualifying charitable donations. The federal tax credit granted is 15% for the first $200, plus 29% of any amount in excess of $200, to a limit of 75% of net income. Tax tips: The spouses or partners can combine their tax credits in order

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