The Tax Blog for Smart Canadians

Tips and tricks for Canadian tax filers at every stage of life from UFile's tax expert Gerry Vittoratos



Welcome to 2016!

by Gerry Vittoratos | Jan 13, 2016   Comments:

As a new year begins and tax season approaches we would like to offer a couple of tax-saving resolutions to add to your list

Add money to your Tax Free Savings Account.

A TFSA contribution does not get deducted from your tax return but the investment income it earns is all yours – tax-free!

“Under proposed legislation, starting January 1, 2016, the annual TFSA dollar limit for 2016 will decrease from $10,000 to $5,500.00,” according to the CRA and the Liberal party election promise. If you can afford to put money into a Tax Free Savings Account, it is a good idea to do it sooner rather than later to get the most benefit.

Remember, contribution limits are cumulative so if you haven’t already topped up your TFSA and didn’t remove funds from it last year, your contribution limit could be as high as $46,500 in 2016!

Top up your Registered Retirement Savings Plan.

RRSPs have been around for a long time and great advice is available at your bank or from your financial advisor.  It is always best to add to your RRSP on a regular basis with automatic payments. That way you can adjust the tax deducted at source and claim the deduction throughout the tax year..  But if you are like many Canadians, you will wait for the February 29th deadline to contribute. Remember that the rule for contributions in the following years is the first 60 days of the year, which means in a leap year, your deadline is February 29th and NOT March 1st like other years.

Stay on top of tax installment payments.

Instalments payments are due quarterly on the 15th of March, June, September and December.  They can be paid through online banking, using your debit card on the CRA’s My Payment or My Account tools, by cheque or at your financial institution using Form INNS3, Instalment Remittance Voucher.

My favourite is using online banking.  It’s easy to set up post-dated payments once for the whole year. Any time you can “set-it-and-forget-it”, count me in. Just be sure you have the funds in your account to cover the current installment payment.

Make sure your TD1 is up-to-date

The TD1, Personal Tax Credits Return, is used to determine the amount of tax to be deducted from your employment income or other income, such as pension income. You completed this form when you first started work and your employer may ask you to ensure your TD-1 and provincial equivalent is up-to-date at this time of the year.

It is important that this form be up-to-date so that you don’t end up paying more tax than necessary through the year. Yes, you will probably get it back when you file your tax return but really, wouldn’t you rather just pay less tax in the first place.

15 comments

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  1. Dennis | Feb 27, 2016
    I've tried 3 different browsers.  The year list in the drop down menu goes only to 2014.  The url is https://secure.drtax.ca/ufile/login.aspx.
  2. Dennis | Feb 27, 2016
    Same Here.  2015 is NOT in the drop down menu.
  3. Paul | Feb 25, 2016

    For Tomas

    Sounds like you are using a non-compatible Browser. I had the same issue with WIN 10 - EDGE. I loaded CHROME and UFILE Online now works with it.

  4. Nick | Feb 25, 2016
    I am using Ufile desktop software for windows and am unable to Netfile my return. I uploaded all latest versions of the software and the program shows no errors in my return. However when I attempt to Netfile my 2015 return I get the following message "The underlying connection was closed: An unexpected error occurred on a receive". I emailed the support line (support@ufile.ca) three days ago and still waiting for a reply. - Crap customer service! Can anyone help?
  5. Tomás Ribas | Feb 23, 2016
    I need help!

    I can't get to any site of (UFile) to file my 2015 Income Taxes... When I click 2015 it tells me that I already have and account but it does NOT allowed me (when I sign in) to go anywhere?.......

    I get this NOTICE: You already have a file created for that tax year, you can open it from the list of tax payers. (Where is that list?)......

    I even try: Start UFile online for Free,  I takes me at the same place (as above)

    Having to file my Income Tax on-line it very annoying and in top of it I have to pay for it, I am a 74 year old person with a fix income and at my age I don't need all this headache to file my small income

    Can any body help me?.......Thank you!
  6. Gerry Vittoratos | Feb 15, 2016

    Hi Winnie,

    This issue is caused by a specific browser. Try loading your file in another browser. That should resolve it.

  7. Winnie | Feb 12, 2016

    Hi, I logged into Ufile for the 2015 tax filing, I only see my husband's name on the top bar.  Since we have been filing together with Ufile, should my name also be seen and selected to update for my tax info?  My name shows up when I clicked my husband's "Review" tab, but no where I can see to click my name.  Please help.

  8. Gerry Vittoratos | Feb 08, 2016

    Hi Pat,

    When you are on the Review screen, go to the left-hand menu, and click on "Federal". Your tax return summary will appear on the right.

  9. Pat | Feb 06, 2016
    Hi, I am wondering why I cannot view the complete summary. I can only see the refund amount. It seems to want me to pay first. I am not ready to pay. 
  10. Gerry Vittoratos | Feb 04, 2016

    Hi Debbie,

    You should be able to add family members by clicking on "add a spouse" or "add a dependant"next to your name at the top left of the screen, just underneath the "Start" and "Interview" tab.

  11. Gerry Vittoratos | Feb 04, 2016

    Hi Ad,

    Please contact our support department at the following email:

    support@ufile.ca

    Our support team will be better able to resolve your question

  12. Debbie | Feb 04, 2016

    I am unable to add other family members after following the instructions given.

  13. Ad | Feb 01, 2016
    Hi, I am wondering why my personal information didn't transfer over to 2015
  14. Gerry Vittoratos | Jan 27, 2016

    HI Ryan, 

    UFile online is now available.  When you login,  you will find the 2015 year available in the drop down menu. 

  15. Ryan | Jan 25, 2016
    Hi, I am wondering when the 2015 tax year will be available? It says on the site it is available today (Jan. 25th) however I can still only see up to 2014 in the dropdown.

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