Robel Tax Services

R obel Income Tax Service
Providing Affordable, Quality Tax Services for over 15 years

Elly's Tips

Employment Insurance premiums on self employment and other eligible earnings: You
may be able to enter into an agreement with the Canada Employment Insurance
Commission through Service Canada to participate in the new Employment Insurance (EI) Measure for Self-Employed People. For more information contact Service Canada.
You can save your donations for up to 5 years for possibly a larger tax advantage.
Medical expenses include premiums paid to private health plans as well as travel
medical insurance. Also prescriptions, glasses, contact lenses, dental, physiotherapy, chiropractor and acupuncture can be claimed. Payment for wheelchairs, crutches,
hearing aids, dentures, pacemakers, as well, as long as there is a prescription for
each item. Some Care Home costs can be used so check with the facility.
There is a refundable tax credit for working individuals with low incomes and high
medical expenses.
Pension Income Splitting: Couples will be able to reduce their combined tax payable
by transferring up to 1/2 of their eligible pension, annuity and/or RRIF payments from
line 115, to their spouse.
First Time Home Buyers – As of January 27th, 2009 the maximum amount you can
withdraw from your RRSP under the HBP program has increased to $25,000.00
There is also a NEW non refundable tax credit of up to $750.00 for home acquisitions
of a qualifying home with a closing date after January 27th, 2009.

If you have any questions or comments, please feel free to email me at robeltax@shaw.ca