Maximize Your Refund!

1. Did you buy your first home after January 27th, 2009? Don't forget to claim the Home Buyers' Amount, a new non-refundable tax credit of up to $5000. Keep in mind, this amount can be split between you and your spouse or partner for maximum benefit.
2. Do you own your home or cottage? The Home Renovation Tax Credit is a valuable tax break. You can apply up to $10,000 in eligible expenses for improvements to your home done by February 1st, 2010 and you may split this credit with your spouse or partner to optimize your tax savings.
3. Increase your tax refund. Claim medical expenses for any 12-month period ending in the tax year. For example, if you are paying for medical or dental treatments that started last year, and continue this year, you may take advantage of claiming them all next year.
4. New pension splitting rules can mean substantial tax savings! If you or your spouse are receiving an income from an annuity or other pension plan, you may be eligible to split some of your pension income on your tax return.
5. Are your kids in Hockey or Soccer? You may be entitled to a non-refundable tax credit of up to $500.00 per child if you have children under 16 or a disabled child under 18 years of age enrolled in physical activities.