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Why File Taxes

It is not illegal to owe the government money; it is illegal to avoid taxes by not filing your tax return.

Even if you have no income:


If you had income:

Tax Tips

Many Canadians are looking abroad when adopting a child but it can be an expensive process. However, there is now some tax relief for adopting parents. You may claim a non-refundable tax credit for expenses relating to the adoption of a child up to a maximum of $10,445. The credit can only be claimed in the year the adoption is finalized but may include eligible expenses from previous years.

Turning 65 doesn’t mean you can’t contribute into an RRSP. The rules do allow you to contribute to your own RRSP up until the end of the year in which you turn 71, or to your spouse or common-law partner's RRSP. But remember, you will need available contribution room.

RSS News: Canada Revenue Agency

Interest rates for the fourth calendar quarter September 7, 2010
Minister Keith Ashfield announces the winners of the second CRA YouTube video contest August 6, 2010
Reminder: TFSA return deadline extended to August 3rd July 26, 2010