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Personal Tax -> Filing your income tax returnFiling Your Canadian Personal Income Tax ReturnWhy should I file if I don't have income or have to pay tax? Tax forms and filing methodsMy Payment - an online service from CRA to make payments to them directly from your bank account. Due date for a personal income tax return. | |
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Late filing of a tax return / late filing interest and penalties I can't afford to pay the tax I owe! For which province do I file a tax return, and what if I live in one province or territory, and work in another? Prepare - Make sure you have all your information slips before filing your return. Free service for those unable to complete their tax return and unable to pay for assistance.
Can CRA withhold my income tax refund or my GST/HST credit? Changing your tax return once you have already filed it. CPP/QPP or EI overpayment - how to recover it.
Dealing with Canada Revenue AgencyNotice of Objection - if you don't agree with your tax assessment CRA taking more than 90 days to respond to your notice of objection? Taxpayer relief provisions (formerly Fairness provisions) Taxpayers' Ombudsman deals with service-related complaints about Canada Revenue Agency Voluntary Disclosures Program (VDP) - this can be done on a no-name basis |
The tax returnGST/HST credit - Who is eligible to receive it, and how much is it? Should my spouse and I file our tax returns together, or separately? - claiming tax credits and deductions, transferring dividend income, and how to report investment income. Common-law spouse definition Minimize taxes of a deceased taxpayer by filing additional optional tax returns. Students - Scholarships and awards, tax credits, moving expenses, private school, etc. Reporting foreign dollar transaction amounts on your tax return |
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IncomeBarter transactions can result in taxable income and deductible expenses. Selling goods on eBay may result in taxable income. Tax issues re investments, and tax treatment of different types of investments Capital gains and losses, and methods of deferring or eliminating capital gains $750,000 capital gains deduction
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Self-employment losses can be carried back 3 years, and can be used to offset other income. Principal residence exemption - when is it necessary to report the sale of a principal residence on your tax return? Students - Scholarship and award income (Line 130) Transfer dividend income to a spouse - In some circumstances, Canadian dividend income may be included in the income of either spouse. Universal Child Care Benefit (UCCB) - A single parent has the option of including the UCCB in the income of a dependent claimed as an eligible dependent (equivalent to spouse).
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Deductions from incomeAttendant care expenses (Line 215) Child care expenses (Line 214) Disability supports deduction (Line 215) Employment expenses (Line 229) Interest expense on money borrowed to purchase stocks and bonds (securities) (Line 221) Interest expense on money borrowed to purchase real estate (Line 221) Interest expense paid to a non-resident Moving expenses (Line 219) Moving expenses - Students (Line 219) RRSP contributions were not reported on my previous year's tax return. What do I do? Safety deposit box fees may be deductible on Line 221. |
Non-refundable tax creditsA non-refundable tax credit can only be used to reduce federal or provincial/territorial taxes payable to zero. Tables listing most non-refundable tax credits Age amount tax credit (Line 301) for individuals aged 65 and older, reduced when income exceeds threshold Canada employment amount tax credit (Line 363) Caregiver amount tax credit (Line 315) may be available if (dependent or non-dependent) parent or grandparent (over 65) lives with you, or if a dependent relative lives with you. Child amount tax credit (Line 367) for children under 18
Child fitness tax credit (Line 365) and additional credit for child with disability Children's arts tax credit (CATC) (Line 370) and additional credit for child with disability Disability amount (Line 316) tax credit Dividend tax credits (Line 425) for Canadian dividends |
Donations:
Equivalent to spouse amount (Line 305) - A person who is single at any time during the year can claim a tax credit for a dependent child or other dependent relative. Foreign tax credit (Line 405) re withholding taxes deducted from foreign non-business income First-time home buyer's tax credit (Line 369) Home renovation tax credit (HRTC) - only for 2009 tax year
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Pension income tax credit (Line 314)
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Political contribution tax credits - federal (Line 410) and provincial/territorial
Public transit amount tax credit (Line 364)- Keep your public transit pass!
Refundable tax creditsA refundable tax credit can generate a payment to taxpayers, even when no income tax has been paid. This is a good reason to file a tax return even if you do not owe any tax. Employee and partner GST rebate for those who have deductible employment or partnership expenses Refundable Medical expense supplement (Line 452) Working income tax benefit (WITB) and disability supplement (Line 453) Québec home renovation tax credit - for 2009 only Some provinces and territories have refundable tax credits. Choose your province/territory from the navigation bar to the left, and follow the link to personal tax credits.
Other issuesRepayments to RRSP Home Buyer's Plan or Lifelong Learning Plan - Make sure you report them on your tax return!
Revised: March 19, 2013
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