Good evening folks.
My name is Daniela Minicucci and I'm working alongside Cleo Hamel, Senior Tax Analyst at H&R Block Canada. We're here to answer all of your tax questions.
Feel free to blog with us live or phone in to speak directly to one of our tax experts.
You can reach us at 1-800-499-3930.
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Only the medical portion can be claimed as medical expenses on your tax return as part of Line 330. This is a non-refundable tax credit - it is not a deduction.
You will have to call (514)844-8858 OR (514) 255-1405 and they will be able to assist you with your question.
Unfortunately the federal transit pass credit is not transferrable to your parents once you are past age 18.
TAX TIP :: Charitable donations can be collected for up to five years and claimed all at once.
This is so that you can enjoy a higher tax credit.
For example, donations up to $200 receive a 15% credit. Every dollar after $200 receives a 29% tax credit.
TAX TIP :: Are you paying off a student loan?
Interest on a Canada Student Loan is an eligible tax credit.
TAX TIP :: Single parents, you can report the Universal Child Care Benefit starting this year on your child's return instead of your own.
TAX TIP :: Remember to file by midnight on May 2, 2011.
That's also Election Day in Canada.
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