Bertrand Creek Tax

A beloved bengal kitty is missing from our neighbourhood. Please keep your eyes and ears open🐈‍⬛

It's February, and tax filing season is fast approaching. Canada Revenue Agency (CRA) will open for e-filing on Monday, February 23rd, and we are prepared to assist you. Stay tuned for information and tips to help you get ready; knowing which expenses and credits you can claim is essential.

⚠Notice: The Capital Gains taxation rate increase has been delayed from June 25, 2024 to January 2026.

Tax Free First Home Savings Account: (FHSA) This is a relatively new savings program aimed at helping Canadians save for a new home. If you’ve not owned a home for four years, you can contribute up to $8000/year up to a lifetime max of $40,000 and it can grow tax free until you have found your perfect place. This can be combined with the current Home Buyers’ Plan.

Call for details!

RRSP Contribution Deadline is March 3. You may be aware of the benefits of contributing to an RRSP to defer taxes, but keep in mind that contributions reduce your net income which can have other benefits like an increase in Canada Child Benefit payments and a reduction/elimination of EI and OAS clawbacks. Call if you’d like to estimate how a contribution will benefit you.

It’s February everyone and that means tax filing season is almost here! CRA will be open for efiling on Monday, February 24th and we’ll be ready! Stay tuned here for information and tips to assist you in preparing your information; you’ll want to know about all the expenses and credits you may be able to claim.