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Taxes

Taxes

Common Tax Questions Series 2 – Tax Credits

It’s important for us to be aware of the various tax credits available to us in order to reduce the amount of income tax we have to pay.  Check out these commonly asked tax questions and find out what tax credits you can take advantage of.

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Taxes

Children Fitness Credit Helps Kids Stay Active

September usually means parents are signing their kids up to play sports, take lessons or keep active. The $500 Children’s Fitness Credit is meant to give parents a little credit for registering.

Once the kids start back at school, it seems like everything re-starts. Across the country, parents are already standing on the sidelines of soccer games, keeping their fingers warm on a cup of coffee watching hockey tryouts or driving their children to basketball games. It is back into the regular routines.

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Taxes

Tax Tips For Parents With Students

Only students receive tuition receipts: Even if you paid the tuition, colleges and universities issue the T2202A Form to the student. The T2202A Form allows a student to claim tuition as well as the education and textbook credits.

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