Individuals - Tax information newsletter, Issue: 2015-04
April 1, 2015
You can now connect to the Canada Revenue Agency (CRA) anytime, anywhere, thanks to the new MyCRA mobile app.
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.
If you fall for a tax scam, you risk your financial security and your identity. Also, you may not be meeting your obligations under Canada's tax laws. The consequences of your action could range from embarrassment, to inconvenience, to serious legal trouble.
4. Video: Pension income splitting
Are you or your spouse receiving a pension? You may be eligible to save on your income tax with pension splitting.
5. Video: Tradesperson's tools deduction
Are you working in a trade? You might be able to deduct up to $500 of the cost of eligible tools you bought to earn employment income in 2014.
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