Some quick points to consider…
– CRA has produced various basic tax education and literacy tools, such as seven learning modules with videos and quizzes.
– As of January 1, 2024, where more than five information returns of a particular type (such as T4s, T5s, T3s, T4As, NR4s and T5018s) are filed on paper (as opposed to electrically) for a particular filer, a penalty of $125/form will apply. Businesses filing five or fewer forms can still do so on paper without penalty.
– Renovations to create a safe play and therapy area for a child with a mental impairment could be eligible for the home accessibility tax credit.

Redistribution of this material is prohibited.