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Alberta Climate Leadership Adjustment Rebate

Did you receive an Alberta Climate Leadership Adjustment Rebate yesterday?
 
The Alberta climate leadership adjustment rebate is a tax-free quarterly payment to help lower and middle income Albertans offset the cost of the province’s new carbon levy. The Alberta climate leadership adjustment rebate is fully funded by the Province of Alberta.
 
Follow the link below for more information:
 
https://www.alberta.ca/climate-carbon-pricing.aspx?gclid=CPmijJqiq9ECFQkyaQodp0EFOw#p184s3

Friday, May 6th

Just a friendly reminder to all of our client’s that our office will be closed on Friday, May 6th for a well deserved rest! We will re-open on Monday, May 9th to happily serve your needs!

2016 WWO Scholarship

Are you a high school student graduating this spring? Are you planning to pursue a post-secondary degree in Accounting, Commerce or Business Management?

Find out more about the WWO 2016 Scholarship by following this link and selecting “High School Application” : http://woodmanwhite.ca/wp-content/uploads/2015/11/2016-Scholarship-Application.pdf  

grad

MyCRA Mobile App

MyCra is a mobile app from the Canada Revenue Agency for individual taxpayers. It allows secure access to view key portions of their tax information such as their Notice of Assessment, tax return status, and RRSP and TFSA contribution room. Follow the link to find out more!

http://www.cra-arc.gc.ca/mobileapps/

 

Child Care Expenses

For the 2015 tax year the deduction limits have increased by $1,000 annually per child for child care expenses as follows:

  • For each child who is eligible for the Disability Tax Credit, the 2015 deduction limit is $11,000
  • For each child who is under 7 years of age at the end of the year, the 2015 deduction limit is $8,000
  • For each child who is aged 7 to 16 the 2015 deduction limit is $5,000

You can claim child care expenses that were incurred for services provided in 2015 such as payments made to caregivers providing child care services, day nursery schools and day care centers, educational institutions for the part relating to child care services, day camps and day sports schools where the primary goal of the camp is to care for children.  However, you cannot claim payments for medical care, hospital care, clothing costs or transportation costs.

Note that if there is more than one person supporting the eligible child, it is the lower net income spouse that must claim the child care expenses.

daycare

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