Taxes may be daunting this year, especially with COVID-19 benefits.
Sylvia Morton, an Accountant in South Algonquin, says you only have to worry if you applied for the Canada Emergency Response Benefit and haven’t lost income. She says if you haven’t lost income, and claimed CERB, you should expect to pay it back.
There’s a number of things you can claim on your tax return, according to Morton. Aside from your regular T4 employment slips, receipts can go towards your taxes like donations, workers comp, childcare benefits and expenses, student loan interest, property taxes, rent and moving expenses. Importantly for those who need to travel to medical appointments over 40 kilometres away, they can be claimed so long as you have proof of appointment and receipts of the cost to get there for the same day. Morton says she provides her clients with a full checksheet on what they can deduct for their tax returns. She also recommends everyone be able to access My Account on the CRA website.
Morton is offering a free tax clinic by appointment only. She said she had never intended to do one, but people have been so grateful and appreciative of her services over the years. She says 50 people often take part, but if it does get more interest, she hopes to find a second person to volunteer. To get in touch, email her at email@example.com or leave a message at 613-412-9962.