Momentum Tax Class 2015
In this one, our guest speaker discusses the process of:
-Credits: Charity, Education, Medical Health, Travel for Medical Health, Child Care. ETC...
-Reductions
-Deductions
-Education
-Claiming your children and spouse
-Always Claim your taxes Each January even if you have been at the same company for more than a year to keep up with yearly tax credits.
Audio Recording of 2015 Tax Class
-Always Claim your taxes Each January even if you have been at the same company for more than a year to keep up with yearly tax credits.
Audio Recording of 2015 Tax Class
Here is the Post - Education Credit Process:
- One is credit used for Text Books against Province Taxes
- Second is text book credit used against Canadian Taxes
Note: Our Speaker points out that you can use credit back for not working while in Post - Secondary and get credit back. How this works, I have yet to use this tactic to get taxes back even if I have not worked in the reporting year.
Federal Tuition, Education and Textbook Amounts
Year Amount from prior year Current year amount Current year amount applied Transferred amount Amount from prior year applied Amount available for carry forward 2002 $2,355.00 $2,355.00 2001 $1,139.00 $1,139.00
| Year | Amount from prior year | Current year amount | Current year amount applied | Transferred amount | Amount from prior year applied | Amount available for carry forward |
|---|---|---|---|---|---|---|
| 2002 | $2,355.00 | $2,355.00 | ||||
| 2001 | $1,139.00 | $1,139.00 |
Provincial Tuition, cation and Textbook Amounts
Year Amount from prior year Current year amount Current year amount applied Transferred amount Amount from prior year applied Amount available for carry forward 2002 $3,417.00 $3,417.00 2001 $1,139.00 $1,139.00
| Year | Amount from prior year | Current year amount | Current year amount applied | Transferred amount | Amount from prior year applied | Amount available for carry forward |
|---|---|---|---|---|---|---|
| 2002 | $3,417.00 | $3,417.00 | ||||
| 2001 | $1,139.00 | $1,139.00 |
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