Tax Cuts Working for You .......Reach out and Claim Yours
Get the Tax Cuts Working for You ------ Reach out and Claim yours (Canadian Taxation)
You may be able to save money by claiming any of the following tax credits:
• Children's fitness tax credit :The children's fitness tax credit is a non-refundable tax credit of up to $75 based on eligible fitness expenses (maximum $500) paid for each child who is under 16 years of age.
• First-time home buyers' tax credit: First-time home buyers can claim a non-refundable tax credit of $750 for the acquisition of a qualifying home.
• Pension income splitting: One of a wide range of tax cuts available. By choosing this option each tax year, pensioners can split up to 50% of eligible pension income with their spouse or common-law partner and reduce their overall tax paid.
• Public transit tax credit: The public transit tax credit is a non-refundable tax credit that helps individuals covers the cost of public transit.
• Tradesperson's Tools Deduction: Trades people can deduct from their income part of the cost of tools purchased throughout the year.
For more information visit Canada Revenue's web page for : Individuals
http://www.cra-arc.gc.ca/tx/ndvdls/menu-eng.html
Watch the enclosed video for information on tax credits.
This article is presented for general information only, please consult your financial advisor for advice regarding your financial situation.
Labels: 2010 tax credits, Canadian Taxation, financial planning, tax credits, tax planning, tax savings, tax strategy
posted by laramaryann @ 9:58 PM
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