Tax Tip: The age amount has increased
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Loading ...The following is now available on the CRA Web site:
Tax Tip: The age amount has increased ..
Did you know…
That as of January 1, 2006, the age amount maximum increased from $4,066 to $5,066? If you were 65 or older on December 31, 2006, and your net income was less than $64,043, you can claim the age amount. You may also be able to transfer unused portions of the age amount to your spouse or common-law partner.
For more information, visit our Web site at www.cra.gc.ca.
SOURCE: CRA Newsroom
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This is the dumbest credit there is. Hey, you’re old, here’s a tax break.
Comment by Neil on January 22, 2007 9:06 pm
I thought the funniest part was .. that Canada Revenue Agency is releasing stuff like this “tax tip” as a NEWS RELEASE.
STOP THE PRESSES!!
The Last Tax Tip/News Release was about the RRSP Deadline, and suggests that you login to your account with CRA. The only thing is, it’s not Firefox 2.0 or Internet Explorer 7.0 compatible.
Comment by HART (1-800-HART) on January 22, 2007 9:22 pm