Individuals – Tax information newsletter, Issue: 2012

March 28, 2012

Video: NETFILE – Myths and facts

Think you’ve heard it all about NETFILE? Get the facts here.

Top 10 ways to reduce your tax bill

There are a number of ways to reduce the amount of tax you owe and keep more money in your pocket at tax time. The Canada Revenue Agency (CRA) can help you learn more about the various credits and deductions that you may be entitled to and that can save you money when you file your 2011 income tax and benefit return.

ABCs of benefits for students

Even if you have no income, you should still file your income tax and benefit return. As a student, you might be eligible for many credits, deductions, and benefits but you must file your return to get them.

Children’s arts tax credit

Parents whose children participate in paid artistic, cultural, recreational, and developmental programs will now enjoy the same benefit as parents whose children participate in paid programs of physical activity. The children’s arts tax credit is a new non-refundable tax credit based on eligible expenses paid for the cost of registration or membership of your, your spouse’s or common-law partner’s child in a qualifying program.

Tax savings for tradespersons

As a tradesperson, you may be eligible for certain deductions.


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