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The CRA just redesigned the T1 Personal Income Tax return form and there are some major changes

Canadian tax filers will see the newly redesigned tax form for the 2019 tax year. The Personal Income Tax form, the T1, has been revised significantly by the Canada Revenue Agency. Instructions and questions have been altered to use more straightforward wording and language, pages have been added to accommodate the worksheet used for figuring [...]

By |2020-02-20T15:11:52-07:00March 4th, 2020|News|0 Comments

What’s my RRSP contribution limit for 2020?

Canadian citizens having earned income and have a social security number and have filed a tax return may contribute funds into a Registered Retirement Savings Plan(RRSP) to reduce the amount of income taxes paid. This can be done each year until the individual's spouse reaches the age of 71. RRSPs can be opened in financial [...]

By |2020-02-20T15:11:23-07:00February 26th, 2020|News|0 Comments