Donate to a charity. Claim your tax credit.

During the COVID-19 pandemic in 2020, many Canadians have made generous donations to churches, hospitals, and other registered charities. Did you know that your donation may be eligible for a tax credit? Claim your tax credit To claim this charitable tax credit, save your official donation receipts from any registered charities or other qualified donees. Once you have your receipts from all your…

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Tax Information about Buying or Selling a Home

If you bought or sold your home this year or plan to buy or sell a home soon, High & Wide Financial has the information to help you.  Principal Residence Exemption  When you sell your principal residence, did you know that any profit (capital gain) may be exempt from taxes? In fact, if your home was your primary residence for every year that you owned…

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PERSONAL INCOME TAX RETURN 2018 INFORMATION CHECKLIST

HIGH & WIDE FINANCIAL GROUP Email: info@highwidefinancial.com   Phone: 416-833-5268, 416-838-5988 Website: www.highwidefinancial.com Click Here to download Checklist! First Name: _____       Last Name:______ SIN Number:_____     Marital Status:_____ Date of Birth: _____    Mailing Address:_____ Telephone:_____         Email:_____ Would you like to provide this email address to CRA in order to receive all future notifications from CRA…

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CRA – New Tax Credit This Year – Climate Action Incentive

If you are a resident of Saskatchewan, Manitoba, Ontario or New Brunswick, you may be eligible for the proposed Climate Action Incentive payment when you file your income tax and benefit return for 2018. A 10% supplement is available to residents of small and rural communities. The incentive will first reduce any balance owing for the year, then may create…

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How to protect yourself from scams posing as Canada Revenue Agency

Scammers posing as Canada Revenue Agency (CRA) employees continue to contact Canadians, misleading them into paying false debt. These persistent scammers have created fear among people who now automatically assume that any communication from someone representing the CRA is not genuine. Confirm your tax status through one of the CRA's secure portals CRA offers multiple secure portals for Canadian tax…

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What to expect when the CRA (Canada Revenue Agency) contacts you

CRA does sometimes contact taxpayers by phone, email and mail for legitimate reasons. The following tips will help Canadians identify legitimate communications from the CRA. By phone The CRA may verify your identity by asking for personal information such as your full name, date of birth, address and account, or social insurance number ask for details about your account, in…

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