- If you are a farmer, then you might want to know about: Helpful Hint: You may be able to transfer Canadian farm property to your child. When you do this, you can postpone any tax on taxable gains until the child sells the property
- Do you have any questions or objections to your notice of assessment? Be sure you have signed a form T1013 (Authorizing or Cancelling a Representative) or form RC59 (Business Consent Form) to allow your tax preparer to investigate and liason with the CRA for you. Helpful Hint: Should your objection require legal counsel, legal fees charged are a tax deduction (see Insert 1)
- Looking for your refund? Call 1-800-959-2221. Note: Be sure to have your Social Insurance Number and tax return handy
- Helpful Hint: To save time at the end of the year, record your totals for vehicle and Business use of home expenses (Inserts 7(b) and 16(b)) every month
- Helpful Hint: You cannot deduct club membership dues (including initiation fees) if the main purpose of the club is dining, recreation or sporting activities
Info may not apply to everyone |
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