300 Kingston Road, Unit 4
Canadians are now filing income tax returns. I’d like to help your family take advantage of all the important tax initiatives supplied by our Government.
In October, our Government introduced the Family Tax Plan, that all families with children will benefit from. The new and enhanced tax credits and benefits include:
• The Children’s Fitness Tax Credit has doubled to $1,000 per child, starting in the 2014 tax year.
• The new Family Tax Cut*, a non-refundable tax credit of up to $2,000, is available to eligible couples with children under the age of 18.
• Increasing* the Universal Child Care Benefit (UCCB) for children under age six. As of January 1, 2015, parents will receive a benefit of $160 per month for each child under the age of six – up from $100 per month. Parents will now receive $1,920 per child, per year.
• Expanding* the UCCB to children aged six through 17. As of January 1, 2015, parents will receive a benefit of $60 per month for children aged six through 17. Parents will receive $720 per child, per year.
New this year, taxpayers can receive their Notice of Assessment from the Canada Revenue Agency (CRA) online. To do so, taxpayers can go to My Account and sign up for Manage Online Mail. Later this month, the Government will launch the MyCRA mobile app, which will help taxpayers manage their tax information, from anywhere at any time.
By reducing taxes over 180 times, we’re helping you save more than ever before. In fact, the average Canadian family now saves more than $3,000 every year. Plus, we’ve provided about $2.7 billion in annual targeted tax relief for seniors and pensioners.
Please feel free to contact my office with comments or questions regarding our Government’s strong record on lower taxes.
Corneliu Chisu ~ MP Pickering-Scarborough East