General Income Tax and Benefit Guide:http://www.cra-arc.gc.ca/E/pub/tg/5000-g/README.html Students and Income Tax:http://www.cra-arc.gc.ca/E/pub/tg/p105/README.html Gifts and Income Tax:http://www.cra-arc.gc.ca/E/pub/tg/p113/README.html ...
Students who took out loans to pay for their education can claim the interest they pay on their loans to reduce their tax liability. College education expense The CRA’s Guide P105, Students and Income Tax can help students find out which tax credits they can claim on their tax returns. If...
That guide has information about services and programs that may benefit you, and deductions and credits that may apply to you. The terms and , used throughout this pamphlet, are defined in your tax guide.IIf you are blind or partially sighted, you can get our publications in braille, large...
Age Amount Tax Credit Transfer: A non-refundable tax credit for Canadians aged 65 and over, which can be transferred to a spouse to reduce the overall tax burden. Spousal Loans at the Prescribed Rate: Lend money to a spouse at the CRA’s prescribed rate for investment, with the investment...
Age Amount Tax Credit Transfer: A non-refundable tax credit for Canadians aged 65 and over, which can be transferred to a spouse to reduce the overall tax burden. Spousal Loans at the Prescribed Rate: Lend money to a spouse at the CRA’s prescribed rate for investment, with the investment...
Major tax changes for the 2011 tax year; highlights from CRA's General Income Tax and Benefit Guide.• Read Article United States Tax Highlights and Changes Author: Brad Howland First Posted: Jan. 23, 2012 Major tax changes for the 2011 tax year; highlights from IRS Publication 17.• Re...
Any SOAR income received would be excluded from gross income in personal income taxes and would not go down as earned income for California Earned Income Tax Credit eligibility under SB 1341. Until August 1, 2024, SOAR funds would not be considered income “for ...
See CRA, “Informant Leads Program,” online:www.cra-arc.gc.ca/leads/. 113. See David Jolly, “Group of 20 Supports Sharing Bank Data to End International Tax Evasion”New York Times(20 April 2013) B6, online:http://nyti.ms/1Qsti1R:the leak by the International Consortium of Investiga...
CRA International Tax Services Office 1-800-267-5177 (Canada or U.S.) .cra-arc.gc.ca SOCIAL DEVELOPMENT CANADA Guaranteed Income Supplement (GIS) • For low-income seniors • Added to the OAS pension • Based on income and marital status ...
To calculate the charitable tax credits, you should check the ‘eligible amount’ on the CRA website to determine the amount of tax credit for charitable donations. Student loan interest You can receive a 15% tax credit per year for your student loan interest. This tax credit is for both ...