Tax Season is Almost Here – Are You Ready? {Giveaway}

taxes

Although parts of the country are covered in snow and dealing with sub-zero temperatures, spring isn’t too far away (according to Wiarton Willie however, it seems Punxsutawney Phil disagrees). And with spring comes warmer weather, sunnier days and tax season. While some may cringe at the thought of preparing a tax return, you do not have to go it alone. When it comes to taxes, you aren’t alone and there are professionals that can help with every step so you don’t miss a thing.

Thankfully too, there is other good news this tax season. There are new tax credits that can affect families – and other Canadians – on their 2014 tax return:

  • New Family Tax Cut: Introduced in October 2014, the Family Tax Cut provides a tax credit to families with children under 18 equal to the tax savings that would be realized if up to $50,000 of taxable income were transferred from the higher income to the lower income spouse or common-law partner. The maximum credit is capped at $2,000.
  • Children’s Fitness Tax Credit: If your children are active, the government increased the Children’s Fitness Tax Credit to $1,000 and made it retroactive for 2014. Parents should claim the receipts in the year they paid – not the year the activity takes place.
  • Remember the First-Time Donor Super Credit: Much like the name implies, if you were a first-time donor in 2014, you will get some extra credit for your donation. Originally introduced last year, when asked on a recent Leger survey if they were aware of the credit, 72 per cent of Canadians said no. 
  • New search and rescue credit: Meant to complement the volunteer firefighters credit, search and rescue volunteers who put in 200 hours or more of work can claim a personal amount of $3,000, which means $450 tax savings.

In addition, though the Universal Child Care Benefit (UCCB) does not show up in your tax refund, parents with children under 18 will start to see an increased benefit in July 2015. For children under six, the monthly amount will be $160 (up from $100) and for children between six and 18, it will be $60 a month. The increase for January to June will be paid in a lump sum in July 2015. And then parents can expect the increased amounts to arrive monthly after that. If you haven’t already registered for child benefits, use Form RC66.

If filing your own taxes seems like a daunting and stressful task, it’s OK to ask for help. A local H&R Block tax professional can help you through the entire process and ensure you take advantage of every credit available so you don’t miss a thing.

THE GIVEAWAY

Win it: One lucky Canadian reader will win one gift certificate to do their taxes, valid for one regular return (T4) that can be used at any H&R Block retail office location.  The value for the gift certificate is approx. $100.  Enter to win via Rafflecopter below. Good Luck All!

a Rafflecopter giveaway

Disclosure: This post and giveaway have been sponsored by H&R Block. 

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Angela V

Founder and Writer at One Smiley Monkey blog
Hi, my name is Angela and I am a Canadian mom living in Vancouver with my wonderful husband and two happy little boys. I am the founder and primary contributor behind One Smiley Monkey. Welcome to my blog!
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63 responses to “Tax Season is Almost Here – Are You Ready? {Giveaway}”

  1. Dayna Wilson — February 6, 2015 @ 3:00 pm (#
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    I do them myself!

    Reply

  2. Suzie M — February 6, 2015 @ 3:13 pm (#
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    I used to do them but now hire someone

    Reply

  3. Melissa — February 6, 2015 @ 3:13 pm (#
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    Usually me

    Reply

  4. Mary Davies — February 6, 2015 @ 3:28 pm (#
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    Used to do my own but now pay someone – less stress on my mental health LOL

    Reply

    • Debbie Little — February 6th, 2015 @ 4:40 pm

      I do them myself.

      Reply

  5. LauraD — February 6, 2015 @ 3:41 pm (#
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    I do them myself

    Reply

  6. Barb W — February 6, 2015 @ 4:47 pm (#
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    I generally just do them myself!

    Reply

  7. kristen visser — February 6, 2015 @ 5:03 pm (#
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    we go to H&R block. last year hubby did them for the first time and screwed it up lol

    Reply

  8. Clair P — February 6, 2015 @ 5:09 pm (#
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    we go to H&R Block, I’ll mess up if i do it

    Reply

  9. leanne — February 6, 2015 @ 5:41 pm (#
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    My husband does ours.

    Reply

  10. Lorrie Coleman — February 6, 2015 @ 6:18 pm (#
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    I have an agency that does them for me

    Reply

  11. Marilyn Rowe — February 6, 2015 @ 6:22 pm (#
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    We usually have H & R do ours!

    Reply

  12. andrea amy — February 6, 2015 @ 10:01 pm (#
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    I do my own.

    Reply

  13. Debbie White Beattie — February 6, 2015 @ 10:44 pm (#
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    We started using an accountant a couple of years ago

    Reply

  14. Lisa Brown — February 7, 2015 @ 4:09 am (#
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    i have someone do my taxes every year

    Reply

  15. Elizabeth R — February 7, 2015 @ 4:53 am (#
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    I have mine done by an accountant.

    Reply

  16. Athena — February 7, 2015 @ 6:27 am (#
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    I usually do them.

    Reply

  17. Jody D — February 7, 2015 @ 7:41 am (#
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    As a corporation we have to have an accountant, but we have 2 grown daughters that go to H&R every year!

    Reply

  18. Dwayne Taylor — February 7, 2015 @ 9:31 am (#
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    I go down to the local library and get them done for free…..but it so busy !!!

    Reply

  19. Doreen Lamoureux — February 7, 2015 @ 11:09 am (#
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    My husband

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  20. Stephanie LaPlante — February 7, 2015 @ 11:49 am (#
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    We all go to H&R Block together

    Reply

  21. Min — February 7, 2015 @ 11:56 am (#
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    I have a friend do it

    Reply

  22. Jill H — February 7, 2015 @ 1:20 pm (#
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    We do our own taxes using software.

    Reply

  23. nikki robak — February 7, 2015 @ 2:15 pm (#
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    my son does my taxes

    Reply

  24. aarone mawdsley — February 7, 2015 @ 3:18 pm (#
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    I usually do them myself

    Reply

  25. ken ohl — February 7, 2015 @ 3:24 pm (#
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    our accountant does our taxes

    Reply

  26. elaing8 — February 7, 2015 @ 3:56 pm (#
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    I do them.

    Reply

  27. Amanda B. — February 7, 2015 @ 4:07 pm (#
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    I’ve used a independent preparer.

    Reply

  28. sean pynaert — February 7, 2015 @ 4:50 pm (#
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    A rip off accountant always does ours, the whole city is full of them. Then strangely enough the government always says my wife makes more money than she claimed although she doesn’t have a job at all. Then they adjust and make me pay money at Xmas and then we get less baby bonus also. Great government and great tax people we have here. And I pay them 400-500 ever year just for that crap.

    Reply

  29. GARRY S — February 7, 2015 @ 5:14 pm (#
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    SOFTRON IS MUCH CHEAPER

    Reply

  30. Linda — February 7, 2015 @ 7:06 pm (#
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    I do my taxes.

    Reply

  31. Jeannie — February 7, 2015 @ 7:17 pm (#
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    My husband does our taxes.

    Reply

  32. Milena — February 7, 2015 @ 8:11 pm (#
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    I do

    Reply

  33. nancy stokell — February 7, 2015 @ 9:11 pm (#
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    my husband

    Reply

  34. Karla Sceviour — February 8, 2015 @ 5:25 am (#
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    I do them

    Reply

  35. Laura Potz — February 8, 2015 @ 8:07 am (#
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    We always go to a Tax company to do ours. We get confused just looking at tax papers! Plus my husband works a lot of jobs, so it’s just easier just to hire someone else to do it for us! 🙂

    Reply

  36. Linda Little — February 8, 2015 @ 11:01 am (#
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    I do them myself.

    Reply

  37. jessica s — February 8, 2015 @ 11:59 am (#
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    h&r block every year!

    Reply

  38. SueSueper — February 8, 2015 @ 1:19 pm (#
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    I do my taxes every year, and my husbands too.

    Reply

  39. Jen L — February 8, 2015 @ 1:30 pm (#
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    I use online software and do them myself

    Reply

  40. Gail Wright — February 8, 2015 @ 4:02 pm (#
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    I do my own taxes.

    Reply

  41. MrDisco — February 8, 2015 @ 5:18 pm (#
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    i do my own

    Reply

  42. Joanne Saunders — February 8, 2015 @ 6:40 pm (#
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    I usually do my own taxes. I remember making a complete mess of then for the first few years, but slowly became better as I became more confident in doing them.

    Reply

  43. Kathryn Lebert — February 8, 2015 @ 7:14 pm (#
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    I do them!

    Reply

  44. Maryanne — February 8, 2015 @ 7:33 pm (#
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    It has been me but now they are a little bit complicated so we’ll see this year.

    Reply

  45. Carole D. — February 8, 2015 @ 8:12 pm (#
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    I do them myself, but last year I made a mistake using turbo tax on my husband return. I enter is disability pension on the wrong line, then hit submit without realizing it. I notice my mistake and submitted a form to correct it Then we received a notice that he owed money. We were suppose to be getting a refund. I contacted revenue Canada. They say you can’t send a correction form before you get your assessment notice. They corrected it but it still wasn’t right. I think they forgot to add some medical expense. Anyway it wasn’t much money and I give up. It was a mess. So much for Turbo Tax. I think I will go to H&R Block this year.

    Reply

  46. Brenda Lacourciere — February 9, 2015 @ 7:19 am (#
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    I do it myself

    Reply

  47. Sarah Stickney — February 9, 2015 @ 2:43 pm (#
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    H&R Block usually, but last year I did my own.

    Reply

  48. Burcu — February 9, 2015 @ 7:51 pm (#
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    my sister in law

    Reply

  49. crystal — February 9, 2015 @ 8:57 pm (#
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    I think the uccb increase is nice 🙂

    Reply

  50. Jodi Mitrovic — February 9, 2015 @ 11:24 pm (#
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    My Husband and I used H&R Block for several years when they started to offer a refund cheque on the spot. I had been audited a few times before that and anyone that has been audited knows it takes months to get your refund! So that was a nice luxury being able to receive it the same day. But then I discovered Turbo Tax and since our returns were pretty straight forward, I felt comfortable filing them myself. However, in November we welcomed our very first bundle of joy. With the new Family Tax Cut and being off on maternity leave I think this year we’ll leave it to professionals!

    Reply

  51. Cheryl — February 11, 2015 @ 6:42 am (#
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    My husband usually does them

    Reply

  52. Margaret MacKenzie — February 11, 2015 @ 11:29 am (#
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    I used to have an accountant do mine and my fiancé’s but last year, I did them myself.

    Reply

  53. Nicky — February 11, 2015 @ 11:43 am (#
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    husband and i together

    Reply

  54. Carol McCann — February 11, 2015 @ 8:35 pm (#
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    nice giveaway thank you…my husband does ours

    Reply

  55. Heidi Pawluk — February 11, 2015 @ 9:54 pm (#
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    Used to do them when our taxes were straight forward. Later on when we needed to applied for Disability Tax Credit we ended up getting an accountant to do them.

    Reply

  56. Kayla Gilbert — February 12, 2015 @ 12:47 pm (#
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    I family friend who is an accountant.

    Reply

  57. Nicole Jubleew — February 12, 2015 @ 8:24 pm (#
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    I do my taxes myself.

    Reply

  58. Kari Barone — February 13, 2015 @ 7:29 pm (#
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    We do our own.

    Reply

  59. Lynn M — February 14, 2015 @ 4:48 am (#
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    I use a local accountant who has been a friend of the family for years.

    Reply

  60. David — February 17, 2015 @ 9:53 am (#
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    Love to win this!

    Reply

  61. heidi c. — February 17, 2015 @ 6:24 pm (#
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    We got help with ours.

    Reply

  62. brittany — February 17, 2015 @ 11:39 pm (#
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    We usually do them ourself but this year we got someone to do it for us.

    Reply

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