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



Last-Minute Filer? Ask Yourself These 5 Questions

by UFile Team Équipe ImpôtExpert | Apr 25, 2017   Comments:

UFile blog - Last minute filer

With the May 1st deadline for income tax return filing only days away, meeting that deadline might feel overwhelming. However, knowing what information to gather and which tools to use can make last-minute filing manageable, and even easy. If you’re on a time crunch and unsure of where to begin, ask yourself these five simple questions and get the filing ball rolling. So grab a pen and paper, the finish line is in sight.

Q: Have I donated?

A: If yes, you may be eligible to claim a charitable tax credit. As long as you’re able to provide a donation receipt from a registered charity, you can use that donation to boost your returns.

Q: Have I spent my income on work-related expenses?

A: If you’ve been travelling for work, taking clients out for work-related lunches, or upgraded your home office, you may be eligible to deduct these expenses during tax season if you haven’t been reimbursed for these expenses. Remember that your employer has to sign off on this on a specific form.

Q: Have I purchased transit passes?

A: If you buy monthly transit passes, you’re eligible for the public transit tax credit. To do this, you must provide a copy of the transit passes or electronic payment card, with the usage report if possible. These must include the name of the pass holder, name of the transit organization, the cost of each trip or pass, and the date/period for which the pass is eligible.

Q: Do I have children?

A: If you are the sole caregiver of a child, or the lower-earning spouse in a two-parent family, you are able to claim childcare expenses for that child. This includes the cost of childcare services, nursery schools and daycare centers, and overnight camps. 

Q: Am I a student?

A: As a student, you able to claim your tuition costs, and claim the education and textbook credits on your tax forms. While the education and textbook amounts can no longer be claimed for 2017, they can still be claimed in 2016.

Do It Yourself : File Online   

When it comes to last-minute tax filing, getting face time with an accountant might not be a reasonable request – but it also isn’t a necessary one. Tax filing is easier than you think if you’ve got the helping hand of tax software.

At UFile, we’ve designed our interface to be as user-friendly as possible. Tax filing doesn’t have to be a hassle or a headache, but instead can be done from the comfort of your home. With over 230 tax forms available on UFile, you’re sure to find the right forms for you. 

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