IT'S THAT TIME OF YEAR AGAIN..
Once you have all of your required documents, feel free to drop them off in order for us to prepare your returns. Appointments are not necessary for this.
PLEASE make sure we have your current address, phone number and email address.
Here are some hints to potentially decrease how much you owe...
Go to your pharmacy and get a printout of your prescriptions for 2021 (saves us time and you $$ if we do not have to add up individual slips).
Record any out of town medical trips that you made (more than 40 km one way) - we need the name and address of the medical facility that you had the appointment at.
Donation slips for 2021 - we need the actual slip with the RR # on them - a copy of the email showing your payment does not suffice.
WHAT'S NEW FOR 2021?
Here are a few changes that might apply to you...
If you worked from home in 2021, the maximum temporary flat rate deduction has been increased to $500 (from $400 in 2020)
If you are an educator, the refundable tax credit allowance has increased to 25% (from 15%), or up to $1,000
The DTC (Disability Tax Credit) eligibility has been expanded to provide broader access for individuals
NEW Carbon tax credit for farmers is a refundable tax credit for farming operations that have more than $25,000 in eligible expenses.
CRA DUE DATES
Filing dates for 2021 taxes
Apr 30, 2022 (May 2, 2022 since April 30 is a Saturday): Deadline to file your taxes
Jun 15, 2022: Deadline to file your taxes if you or your spouse or common-law partner are self-employed
Payment date for 2021 taxes
Apr 30, 2022 (May 2, 2022 since April 30 is a Saturday): Deadline to pay your taxes
LRH Larry R Hemeryck
CPA Professional Corporation
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