You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Winter things
- Thread starter kilato
- Start date
Tax tips every parent should know about
Doing your taxes is a whole new ballgame once you become a parent. Don't miss these handy tax tips, courtesy of the Canada Revenue Agency.
BY CANADA REVENUE AGENCY | MAR 15, 2017
Today’s families come in all shapes and sizes. While every family tree may grow in a different direction, most families will agree that daily expenses like groceries and new clothes for school can really add up. That’s why the Canada Revenue Agency (CRA) offers a variety of services, credits, and benefits to support your family at tax time and throughout the year.
Apply for child benefits
Filing your income tax and benefit return each year ensures you continue receiving certain benefits and credits, such as the Canada child benefit (CCB), a tax-free, monthly payment to help with the costs of raising children under the age of 18, and related provincial and territorial benefits and credits. The CCB replaced the former Canada child tax benefit, national child care supplement, and universal child care benefit. You can apply for the CCB using the Automated Benefits Application for newborns, by choosing the “Apply for child benefits” option in My Account at cra.gc.ca/myaccount or by completing Form RC66, Canada Child Benefits Application. You may also be eligible to receive the goods and services tax/harmonized sales tax (GST/HST) credit, a tax-free, quarterly payment, which may include a payment under related provincial or territorial programs that helps cover the GST or HST that you pay. For more information on these and other benefits and credits that may be available to you, go to cra.gc.ca/benefits.
Doing your taxes is a whole new ballgame once you become a parent. Don't miss these handy tax tips, courtesy of the Canada Revenue Agency.
BY CANADA REVENUE AGENCY | MAR 15, 2017
Today’s families come in all shapes and sizes. While every family tree may grow in a different direction, most families will agree that daily expenses like groceries and new clothes for school can really add up. That’s why the Canada Revenue Agency (CRA) offers a variety of services, credits, and benefits to support your family at tax time and throughout the year.
Apply for child benefits
Filing your income tax and benefit return each year ensures you continue receiving certain benefits and credits, such as the Canada child benefit (CCB), a tax-free, monthly payment to help with the costs of raising children under the age of 18, and related provincial and territorial benefits and credits. The CCB replaced the former Canada child tax benefit, national child care supplement, and universal child care benefit. You can apply for the CCB using the Automated Benefits Application for newborns, by choosing the “Apply for child benefits” option in My Account at cra.gc.ca/myaccount or by completing Form RC66, Canada Child Benefits Application. You may also be eligible to receive the goods and services tax/harmonized sales tax (GST/HST) credit, a tax-free, quarterly payment, which may include a payment under related provincial or territorial programs that helps cover the GST or HST that you pay. For more information on these and other benefits and credits that may be available to you, go to cra.gc.ca/benefits.