For many, the turning of the calendar year indicates it is time to think of tax season. Winter may seem to be dragging, but before you know it, April will be here with warmer temperatures and the tax man. Tax time can be a time of frustration and anguish. Crunching numbers is not everyone’s favourite pastime, and paying a tax bill only adds to the discomfort. One way to ease the pain of taxes is to ensure you claim every credit for which you qualify. As individuals who have worked hard and contributed to the economy for years, Canadian seniors have the privilege of certain tax credits.
You never know when you might wind up with a refund instead of a bill. For example, if you or your loved one suffers from one of the disability categories listed by Canada Revenue Agency, you may be eligible for a disability tax credit (DTC). If you or your senior loved one need assistance pulling together paperwork and transportation to your tax consultant, a professional caregiver from Home Instead Senior Care Mississauga can help. Our home healthcare staff is highly-trained and ready to help you remain living independently in your home.
As the adage goes, there are two inevitable facts of life: death and taxes. When you care about your health, you live longer and feel better. When you care about your finances, you can lower your tax bill, even if you come out of retirement. Here are a few credits to keep in mind when you file your income taxes this year:
Take advantage of all the credit you deserve and lower your tax liability. It is good to remember that if you do not have a professional to prepare your taxes, you can take advantage of free tax help.
Scammers are everywhere. If you or your elderly loved one has received suspicious mail or telephone calls purporting to be from the CRA, it could be a scam. The team at Home Instead Senior Care has a variety of resources including a checklist to help scam proof your senior. Enlist the senior care services of one of our caring and highly-trained caregivers to help you stay active, living independently in your home. We offer tailored plans to give them the attention needed.
Call us at (905) 276-2273 to schedule a no-obligation in-home consultation. Learn more about the compassionate, quality home care for seniors we deliver each day to families in our Mississauga area.
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