(File photo)

Tips on saving money this tax season

The Canada Revenue Agency offers some ways to save time and money

Want to make sure you haven’t missed out on a tax credit?

The Canada Revenue Agency has come out with some tips ahead of the April 30 filing deadline.

Families with kids get a whole range of options. You have to tell the Canada Revenue Agency that you have children, if you haven’t already, and a quick and easy way to do that is to fill out the automated benefits application, which will register you for the Canada child benefit as well as the B.C. family bonus and early childhood tax benefit.

The Canada child benefit is a tax-free monthly payment to help families with the cost of raising kids.

  • Up to $6,400 annually for each child under the age of 6 and $5,400 annually for each child aged six-17.

Childcare expenses can also be claimed, and if your child is eligible for a disability tax credit, you can claim a child disability benefit.

Parents of kids enrolled in fitness or arts programs get to claim $500 or $250, respectively, of the fees you paid for those programs in 2016.

There are tax credits for individuals and child-free families too:

  • Working income tax credit applies for all Canadians aged 19 and older who pay income tax and make under and $20,314 a year.
  • The same tax credit applies to families or those with children who take in $29,186 a year.
  • A GST/HST credit, with the amount depending on income and number of children.

@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Semi loses wheel, causes collision

No injuries in collision east of Sicamous involving transport trucks

Young Salmon Arm athletes gear up for the 2018 BC Winter Games

20 competitors across five events vying for the podium in Kamloops

Documentary features Salmon Arm cinema

Out of the Interior shines a spotlight on the Salmar Classic

ALR review may not be open-minded

Past agriculture minister Norm Letnick skeptical of NDP approach

Technology Meet Up showcases full range of tech-industry careers in the Shuswap

Salmon Arm Economic Development Society spotlights high-tech frontrunners

Your Feb. 21 Morning Brief

Check out the top stories of the day in the Okanagan-Shuswap with Carmen Weld’s Black Press Morning Brief.

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Video: B.C. firefighters featured in quirky video

Oliver Fire Department posts video about their B.C. volunteer firefighter spring training seminar

OLYMPIC ROUNDUP: Two more medals push Canada into second place

A gold in ski cross and a bronze in bobsleigh as men’s hockey advances to the semis

Trudeau reiterates denial of Sikh separatists in cabinet, condemns extremism

“We will always stand against violent extremism, but we understand that diversity of views is one of the great strengths of Canada.”

Canada wins gold in men’s ski cross

Leman earns redemption with ski cross gold; Homan out early

Trump says more must be done to protect children

In a tweet Tuesday night, Trump indicated he wants to strengthen the background check system, but offered no specifics.

Evangelist Billy Graham has died at 99

Graham died Wednesday morning at his home in Montreat, North Carolina.

Most Read