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Disability tax credits

Disability tax credits are available to anyone who has difficulties performing everyday functions of life. For 2011, the tax credit is $7,341. Everyday functions of life include blindness, life sustaining therapy, restritions in speaking, hearing, walking, bowel or bladder elimination, feeding, dressing or mental functions. The restriction must last a minimum of 12 months.

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File your income tax on time

Many taxpayers don’t bother with filing their tax return because they owe money and can’t afford to pay it. This just compounds their problem. If a tax return is not filed on time, for a first time offender, the CRA will charge a penalty of 5% of any tax owing as soon as the return […]