2. You can claim a portion of the cost of running the house, based on the amount of space that's used for the home office. You can also write-off some expenses directly connected to setting up your office.
3. Yes, you should always file a tax return to claim your GST credits and others you might be applicable for.
1. Reasonable expenses incurred to make your home more wheelchair accessible can be claimed as medical expenses (provided they were not made to increase the value of the property). They are still subject to the 3% threshold and are claimed with all other medical expenses on line 330.
4. Monthly transit passes can be claimed as the Public Transit Pass Credit. Remember to keep your receipts and your passes.
5. There's no clear cut way of knowing - you have to do the calculations.
6. Unfortunately, these expenses do not qualify as child support payments.
7. Keep all of your receipts. If you're referring to vehicle expenses, you must keep a log book of the mileage used for the business.
8. Regardless of who pays the tuition, the receipt (the T2202A) will be issued in the name of the student. The receipt allows them to claim tuition, and education amount, and textbook credit. The student must claim these credits first to redcue their tax owing to zero. Once they have used the credits, they have the option to transfer up to $5000 to a parent.
9. You can claim moving expenses as long as the move was more than 40 kilometres. You can claim the cost of hiring movers, transportation to move you and your family members, expenses incurred when moving things, such as meals while travelling, hotel stays at the new location for up to 15 days. With the exception of meals and mileage, you must keep your receipts.
10. You only need to file a Quebec income tax return if you were a resident of Quebec as of Dec. 31, 2011.
11. They can be considered a promotional and/ or advertising expense.
12. Depending on your parents' income, you may be able to claim a caregiver amount for one or both of them.
13. Yes, you should file a tax return. Social Assisstance is still reported even though it is not taxable. You may still qualify for government benefits, and filing with help you qualify.
14. Unfortunately, any cosmetic surgery after March 4, 2010, no longer qualifies as a medical expense.
16. Yes, it is still important that you file even with that one month OAS.
15. Yes, you must enter it on the tax return because you only have to repay X amount per year, depending on how much you borrowed. Anything more than the required repayment can be claimed as a regular RRSP contribution.
17. The maximum RRSP contribution limit for 2012 is $22,970. However, you will have to refer to your Notice of Assessment or the CRA to find out what your personal RRSP limit is.
19. Moving expense from outside of Canada do not qualify as a tax deduction.
18. You might be able to combine medical expenses for 2011 and 2012 because medical expenses can be claimed for any 12-month period ending in the tax year being filed. You're only able to claim for one 12-month period.
21. You should claim this as income.
20. The Home Renovation Tax credit ended in 2009. If you trying to claim any provincial tax credits or rebate, you will need an official receipt to qualify.
22. If you've been living with your boyfriend for more than 12 months, you must claim him as a common-law partner.
23. Make sure you fill out all of the documentation at the hospital, this will make sure you receive your child tax benefits and universal child benefits. If the child is born before Dec. 31, you may be able to claim a child amount and if you're a single parent, you may claim an eligible dependent amount. Congrats on the baby!
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26. Yes. Any expenses that you have to pay out of pocket after your health plan has reimbursed you can be claimed as a medical expense.
24. When you withdraw from your FTQ for school or for home purchase, you are required to repay the amounts. If you do not repay these amounts they are added to your income each year.This is entered on line 129, RRSP income.
27. You claim your personal RRSP contributions, based on your receipts, on line 208. The employer contributions are reported on your T4 and are reported on line 207.
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