{"id":5143,"date":"2017-03-07T16:19:22","date_gmt":"2017-03-07T21:19:22","guid":{"rendered":"https:\/\/amyotgelinas.com\/important-information-for-your-2016-individual-income-tax-returns\/"},"modified":"2017-03-07T16:19:22","modified_gmt":"2017-03-07T21:19:22","slug":"important-information-for-your-2016-individual-income-tax-returns","status":"publish","type":"post","link":"https:\/\/amyotgelinas.com\/en\/important-information-for-your-2016-individual-income-tax-returns\/","title":{"rendered":"IMPORTANT INFORMATION FOR YOUR 2016 INDIVIDUAL INCOME TAX RETURNS"},"content":{"rendered":"<p style=\"text-align: justify;\">It&#8217;s that time of year again, time to think about preparing our income tax returns. For most of us, it usually ends up being a bit of a puzzle, because it&#8217;s difficult to know which documents and what information we need to forward to our accountant to ensure that any deductions and tax credits to which we are entitled, are maximized. <\/p>\n<p style=\"text-align: justify;\">With a view to simplifying things, we have prepared a list of documents that may assist you in maximizing your deductions and obtaining your tax credits.<\/p>\n<ul style=\"text-align: justify;\">\n<li>Make sure that all your name and address details are complete and up to date.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>The following events may have repercussions on your tax return, so it&#8217;s important to advise us of any changes. (Marriage, separation, adoption, birth, etc.) <\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>You can ask your pharmacist for a detailed statement of any fees paid for prescription medicines during 2016. Your private insurer should also be in a position to provide you with a summary of any claims made during the year. <\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>You may claim a tax credit for the purchase of monthly passes on public transport including the metro, buses or suburban trains by you, your spouse or a dependent child up to the age of 19.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>If you have purchased your first home during 2016, you may claim the tax credit for first-time home buyers.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>If you are age 70 or over, you may be eligible for a tax credit for home-support services for seniors. The following expenses may be included under this credit: house cleaning, outdoor maintenance, supervision, nursing care, etc. <\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>If you are age 70 or over, you may be eligible for a refundable tax credit for seniors&#8217; activities.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>If your children participated in any artistic, cultural, recreational or developmental activities (such as tutoring) in 2016, you may be eligible for a maximum amount of $500 per child for fees paid for these programs.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>If your children have played soccer, taken skiing lessons or participated in any other eligible physical activity program in 2016, you may be eligible for a maximum amount of $1,000 per child for the cost of these programs.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>The maximum RRSP deduction limit for 2017 is $26,230 and that for a TFSA is $5,500.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>The Federal government will be eliminating cheques sent by mail, so it is important that you complete form RC366 to request a direct deposit.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: justify;\">If you receive your Notice of Assessment and disagree with any changes that have been made, you have up to 90 days from the date of the Notice to contest.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s that time of year again, time to think about preparing our income tax returns. For most of us, it usually ends up being a bit of a puzzle, because it&#8217;s difficult to know which documents and what information we need to forward to our accountant to ensure that any deductions and tax credits to which we are entitled, are maximized. <\/p>\n","protected":false},"author":1,"featured_media":5145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[142],"tags":[],"class_list":["post-5143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/5143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/comments?post=5143"}],"version-history":[{"count":0,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/5143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media\/5145"}],"wp:attachment":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media?parent=5143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/categories?post=5143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/tags?post=5143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}