{"id":572,"date":"2016-03-01T13:35:24","date_gmt":"2016-03-01T13:35:24","guid":{"rendered":"http:\/\/www.larosacga.ca\/?p=572"},"modified":"2016-03-01T13:35:24","modified_gmt":"2016-03-01T13:35:24","slug":"march-newsletter-2","status":"publish","type":"post","link":"https:\/\/www.larosacpa.ca\/?p=572","title":{"rendered":"March Newsletter"},"content":{"rendered":"

Monthly Newsletter \u2013 March 2016 Issue<\/strong><\/p>\n

Tax season. Visit www.larosacga.ca for your tax checklist, important dates, and to\u00a0sign up for the monthly newsletter. A few things to consider this month.<\/p>\n

Fraudulent emails and phone calls<\/strong> \u2013 Protect yourself.
\nCanadians continue to get emails and calls from people claiming to be with CRA\u00a0and demanding you send money. Visit the CRA web site to Find out more<\/p>\n

2016 Tax Installments, avoid penalty and interest
\n<\/strong>Personal tax installments, if required, are due quarterly on March 15, June 15,\u00a0September 15 and December 15. Penalties and interest will be charged if these\u00a0payments are missed. Check with your accountant or CRA if you must pay.<\/p>\n

Tax Filing Dates
\n<\/strong>April 30th, personal tax returns due. File early if you are expecting a refund.\u00a0June 15th, personal tax returns due for those that are self-employed but any taxes\u00a0payable are due by April 30th. Same is true for your annual HST filing.<\/p>\n

2015 Tax Receipts
\n<\/strong>By now, you should have received most of your tax receipts and so it is a good time\u00a0to see your accountant or myself to file your return and get your refund.<\/p>\n

T3 Receipts
\n<\/strong>For those with investments, note that some T3 receipts arrive in March or even\u00a0April. Ensure you receive all your T3\u2019s before you file and advise your accountant if\u00a0any are received after you file. You will need to file a T1 adjustment.<\/p>\n

Canada Child Tax Benefit Payments (CCTB)
\n<\/strong>Did you know that your CCTB is dependent on your personal tax filing and if you\u00a0don\u2019t file your return, your payments can be withheld.<\/p>\n

Family Tax Cut
\n<\/strong>The family tax cut continues for 2015. Couples with children under 18 could qualify\u00a0for up to $2,000 in tax relief by transferring up to $50,000 in taxable income to\u00a0spouse in lower tax bracket.<\/p>\n

Caregiver Amount
\n<\/strong>Take note of this credit available to families who give care to eligible dependants.<\/p>\n

Ontario Tax Credits
\n<\/strong>Don\u2019t forget to input your property tax or rent expense on your tax return to see if\u00a0you qualify for the Ontario property tax credit. Also check form for other credits.<\/p>\n

Sale of Investments
\n<\/strong>Ensure you have a summary of your disposition of investments, including your\u00a0proceeds, cost and selling fees to determine your capital gain or loss.<\/p>\n

I hope you find this general information helpful. Please consult with your\u00a0accountant or myself if you have any questions.
\nThis material is provided for general information and is subject to change without notice. Please consult\u00a0with your professional advisor before you act on any of the above information to ensure it\u2019s right for you.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Monthly Newsletter \u2013 March 2016 Issue Tax season. Visit www.larosacga.ca for your tax checklist, important dates, and to\u00a0sign up for the monthly newsletter. A few things to consider this month. Fraudulent emails and phone calls \u2013 Protect yourself. Canadians continue to get emails and calls from people claiming to be with CRA\u00a0and demanding you send […]<\/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-572","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/572","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=572"}],"version-history":[{"count":1,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/572\/revisions"}],"predecessor-version":[{"id":573,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/572\/revisions\/573"}],"wp:attachment":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}