Changes in 2014 Tax Filing (for 2015)

CRA reminds us of the following changes in 2014 tax year: Children’s fitness amount – Under proposed changes, the maximum amount of eligible fees for each child has increased to $1,000. Search and rescue volunteer amount – As a search and rescue volunteer, you may be able to claim an …

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What’s new about your taxes in 2015

Effective for 2014 Tax year, the following changes apply to individual and family. 1. New changes to T1135 “Foreign Income Verification Statement” a) Canadian resident individuals, corporations, and trusts that, at any time during the year, own specified foreign property costing more than $100,000 has to file an expanded T1135 …

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