The following are some new changes affecting your 2011 Personal Income Tax Return:
- Children’s arts amount
- Volunteer firefighters’ amount
- Allowable amount of medical expenses for other dependants
- Canada Child Tax Benefit (CCTB)
- Canada Pension Plan (CPP) contributions
- Students tuition credit
- Investment tax credit
- Exploration and development expenses
- Split income of a child under 18
Please refer to the attached press release from the Canada Revenue Agency. http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/whtsnw-eng.html
Please contact us to discuss how these changes will benefit you.
