Tax Preparation

Brooks Financial 2017 Income Tax Changes

What’s New and Revised for the 2017 Personal Income Tax Return?

The Government of Canada has announced several changes and improvements to personal income tax benefits and credits. The following should be considered for your 2017 personal income tax return: Those responsible for raising children under 18 years of age may be eligible for the tax-free monthly Canada Child Benefit (CCB) …

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Brooks Financial Did You Forget to Record RRSP Contributions on Last Year's Income Tax Return? We Can Help!

Did You Forget to Record RRSP Contributions on Last Year’s Income Tax Return? We Can Help!

Canada Revenue Agency requires that all RRSP contributions be reported on Schedule 7 for the past calendar year, as well as any contributions made within the first 60 days of the current year. If you forgot to report, CRA will allow you to file an adjustment to record any RRSP …

Read moreDid You Forget to Record RRSP Contributions on Last Year’s Income Tax Return? We Can Help!

Use our Personal Income Tax Checklist to help you file your taxes in time

Canadian Personal Income Tax Checklist and Filing Due Dates for Your 2016 Tax Return

The personal income tax deadline for filing your return is typically April 30, however, because this date falls on Sunday this year, the CRA will consider you on time if it is received on or before Monday, May 1, 2017. Self-employed individual returns are due Thursday, June 15, 2017, however …

Read moreCanadian Personal Income Tax Checklist and Filing Due Dates for Your 2016 Tax Return

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