Comments Off on Shaelene’s Tax Tip of the Week – March 8th
Shaelene’s Tax Tip of the Week – March 8th
Remember to…
Keep your tax return documents, even after you file: “The more organized you can be with receipts and other documentation relating to your return, the better off you’ll be if you are selected for an audit. Be prepared to produce them quickly when CRA asks to see them, and keep in mind that members of your family may be asked to offer up their own documentations as well.”
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Did you know?
If you are over 71 and can no longer contribute to your RRSP, you can still make a spousal contribution (and receive the tax deduction) if your spouse is younger than age 71 and you have RRSP contribution room carried forward.