Here are some changes to your taxes for 2011:
- Self-employed individuals are now able to contribute to the Employment Insurance Fund, a program that provides benefits for maternity or paternity leaves, illness or care-giving.
- Changes introduced to the Registered Disability Savings Plan (RDSP) allow persons living with disabilities to carry over government grants and bonds dating to 2008 that were not used in the past
- Students awarded scholarships in 2010 for post-secondary degrees could be entitled for scholarship exemption and the cost of education for college diplomas and bachelor, masters or doctoral degrees.
- Single parents who share equal custody with children under six can now receive their half of the Canada Child Tax Benefit and the Universal Child Care Benefit.
Please contact us if you have questions – kultax@me.com or www.kultax.com