Tax Tips
Tax time can be frustrating and we understand how confusing Canadian tax laws can be. This informative page provides links to the Canada Revenue Agency, Ontario Ministry of Finance and Niagara Region programs to help you prepare for your taxes and learn about deductions, tax credits and benefits.
- Tax checklist 2021 – what to bring
- NEW! for 2021 – Digital News Subscription tax credit (DNSTC)
- What you can deduct – current eligible tax deductions from the CRA
- Climate Action Incentive credit payment
- What’s new for corporations and small businesses inc. new passive investment income rule
- Tax on Split Income (TOSI) – income sprinkling restrictions
- Reporting the sale of your principal residence
- The Canada Child Benefit (CCB)
- Student deductions – claiming interest on student loans
- Canada Caregiver Amount and the Disability Tax Credit
- Moving expense deduction for job or education related moving costs
- Carrying charges/interest expenses such as safety deposit boxes and non-RRSP investment fees
- Eligible deductible medical expenses
- Home Buyer’s Tax Credit – $5,000 for the purchase of a qualifying home
- Tax Free Savings Account (TFSA) information and annual limits
- Registered Retirement Savings Plan (RRSP) and Registered Retirement Income Fund (RRIF) topics
- Seniors and taxes – tax topics and services for the elderly
- Tax savings measures such as pension income splitting
- Canada Business Ontario Taxation Guide for planning, managing and financing your business
- CRA telephone numbers, CRA site map and E-services
- CRA Quick Access for basic tax information such as status and your contribution limits
- CRA on YouTube – comprehensive videos covering a wide range of tax topics
- Ontario credits, benefits and incentives for single people and families and for businesses
- Ontario Child Benefit – direct financial support for low to moderate income families
- Ontario Senior Homeowner’s Property Tax Grant to help seniors with their property taxes
- Ontario Trillium Benefit to help people with lower incomes pay for energy costs, sales and property taxes
- Tax credit, benefit and assistance programs for all Ontarians
- Service Ontario for convenient online services such as change of address and license renewals
- Low Income Family/Individual Non-Refundable Tax Credit
- Ontario Childcare Access and Relief from Expenses (CARE) Refundable Credit
- Niagara Region website for business and resident programs and services
- Property Taxes in the Niagara Region to calculate property tax and learn how your property is assessed
- Property Tax Relief Programs for residents of the Niagara Region including vacant and heritage properties