Taxation

CRA Scams - What You Need to Know

Scammers are continuing to contact Canadian taxpayers through various ways including the telephone and emails seeking personal information. This is done to commit identity theft or receive a financial benefit. Taxpayers need to be aware when receiving these calls or emails to verify if they are legitimately coming from the Canada Revenue Agency (CRA) or if they are coming from a scammer looking to commit fraud.

ENCHANCED UNIVERSAL CHILD CARE BENEFIT (UCCB)

 

The UCCB is increasing for children under the age of six Effective January 1, 2015; parents will receive a benefit of up to $160 per month for each child under the age of six, up from $100 per month. Parents will receive up to $1,920 per child per year.

The UCCB is also expanding to children aged six through 17. Effective January 1, 2015, parents will receive a benefit of up to $60 per month for children aged six through 17. Parents will receive up to $720 per child per year.

Eligible Educator School Supply Tax Credit

There is a new refundable tax credit for 2016 and beyond: The Eligible Educator School Supply Tax Credit. If you are an eligible educator, you can now claim a 15% refundable tax credit on up to $1,000 of supply purchases per year.

Who is eligible?

You can only claim this tax credit if you are a teacher or early childhood educator employed at an elementary or secondary school or a regulated child care facility:

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