Trick or Treat?
You have heard of them, but has it happened to you? A scam. Sometimes it’s hard to tell. If you’re really not sure, call me. I can help determine if it’s true or false. Some current scams are sent by text or by email and the information looks suspiciously familiar, but with a deeper look, you can notice things about the message that reveal its origin. Hopefully you are registered for CRA My Account, where you can determine if there’s any money due or owed to you. I encourage you to register for My Account. It takes about 30 minutes. Again, you can always contact me about anything you aren’t sure of.
Charitable Donations
It all begins with an idea.
Remember only registered charities are eligible for the tax credit. A tax credit reduces any federal tax owing, so you must have taxable income for this to be useful.
On the first $200 donated your credit is 15%, on the next dollar your credit is 29%. (If you gave $2800 your federal credit would be $784).
How do you get your receipts? Email - find them and print them, mail - wait for them, in person - pick it up.
Start your list now of who you gave to, to be ready at tax time.