Click here to download\u00a0your tax checklist<\/a>, important dates, and to sign up for the monthly newsletter. \u00a0A few things to consider this month.<\/p>\n2015 Tax Installments, avoid penalty and interest \u00a0<\/strong>
\nPersonal tax installments, if required, are due quarterly on March 15, June 15, September 15 and December 15. Penalties and interest will be charged if these payments are missed. Check with your accountant or CRA if you must pay.<\/p>\nTax Filing Dates
\n<\/strong>April 30th, personal tax returns due. File early if you are expecting a refund.
\nJune 15th, personal tax returns due for those that are self-employed but any taxes payable are due by April 30th. \u00a0Same is true for your annual HST filing.<\/p>\n2014 Tax Receipts \u00a0<\/strong>
\nBy now, you should have received most of your tax receipts and so it is a good time to see your accountant or myself to file your return and get your refund.<\/p>\nT3 Receipts \u00a0<\/strong>
\nFor those with investments, note that some T3 receipts arrive in March or even April. Ensure you receive all your T3\u2019s before you file and advise your accountant if any are received after you file. You will need to file a T1 adjustment.<\/p>\nSale of Investments<\/strong>
\nEnsure you have a summary of your disposition of investments, including your proceeds, cost and selling fees to determine your capital gain or loss.<\/p>\nFamily Tax Cut<\/strong>
\nNew for 2014, couples with children under 18 could qualify for up to $2,000 in tax relief by transferring up to $50,000 in taxable income to spouse in lower tax bracket.<\/p>\nCaregiver Amount<\/strong>
\nTake note of this credit available to families who give care to eligible dependants.<\/p>\nOntario Tax Credits
\n<\/strong>Don\u2019t forget to input your property tax or rent expense on your tax return to see if you qualify for the Ontario property tax credit. Also check form for other credits.<\/p>\nPublic Transit Tax Credit<\/strong>
\nSave your monthly transit pass to claim this non-refundable tax credit.<\/p>\nCanada Child Tax Benefit Payments (CCTB)
\n<\/strong>Did you know that your CCTB is dependent on your personal tax filing and if you don\u2019t file your return, your payments can be withheld.<\/p>\nI hope you find this general information helpful. Please consult with your accountant or myself if you have any questions.<\/p>\n
This material is provided for general information and is subject to change without notice. Please consult with your professional advisor before you act on any of the above information to ensure it\u2019s right for you.<\/p>\n","protected":false},"excerpt":{"rendered":"
Monthly Newsletter \u2013 March 2015 Issue Welcome to my monthly newsletter. Tax season. Click here to download\u00a0your tax checklist, important dates, and to sign up for the monthly newsletter. \u00a0A few things to consider this month. 2015 Tax Installments, avoid penalty and interest \u00a0 Personal tax installments, if required, are due quarterly on March 15, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-517","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=517"}],"version-history":[{"count":3,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/517\/revisions"}],"predecessor-version":[{"id":522,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/517\/revisions\/522"}],"wp:attachment":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}