Income Tax Tips

• Did you know that the annual interest paid on the money you borrow to invest in a non-registered investment could be used as a deduction on your tax return?
• Do you have a parent living with you? You might qualify for the caregiver credit on your personal tax return.
• Did you know that charitable donations over the past 5 years may be claimed on your 2016 tax return?
• Your family's out of pocket medical expenses should be claimed by the spouse with the lower income.
• An RRSP contribution at the earliest age will increase your potential return on money invested.

Income tax services are available for individuals. Tax returns can be prepared, e-filed, and discounted. Experienced tax consultants ensure that returns are accurately prepared and screened for all tax deductions, exemptions, and credits using the most up-to-date computer programs.

Expert advice is available on RRSP limits, contributions, and income splitting from your Community Credit Union. To speak with a tax specialist call 1 709 279 3510