Individuals - Tax information newsletter, Issue: 2014-03

March 7, 2014

1. Become an informed donor and donate wisely!

The Canada Revenue Agency (CRA) is hosting a webinar on March 12, 2014 on how to donate wisely to registered charities.

If you are interested in participating to this webinar, see Charities Webinars registration.

2. File your taxes online for free!

You can file your taxes online for free. Many people think that filing online is expensive because it requires using certified tax preparation software. The CRA has a list of CRA-certified commercial tax preparation software packages and web applications to fit all budgets, including options that are free.

3. Top things families should know about their taxes

There are lots of benefits, credits, and deductions to help families with their expenses throughout the year and reduce the amount they owe at tax time.

4. Do you owe taxes this year? Post-date your payment with the CRA pre-authorized debit service

You can post-date your payment for current year tax owing. Through the secure CRA's My Account service, you can set up a pre-authorized debit (PAD) so your payment arrives just in time.

5. Need a hand with your tax return?

For some, filling out a tax return can be a challenge. Wouldn't it be great to have a helping hand?

If you are unable to prepare your own income tax and benefit return, you may be able to get help from the Community Volunteer Income Tax Program (CVITP)! This program, established more than 40 years ago, is a collaboration between the CRA and community organizations across Canada that host tax preparation clinics. Volunteer tax preparation clinics are generally offered from mid-February to the end of April of each year.

6. Tax savings - First time super donor's credit (TV ad)

First time donors may be eligible for an additional non-refundable tax credit of $250.


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