This Tax Season: 2021

At Vision we are keeping busy with this year's tax season! 

Below are some valuable resources and information for you to be best prepared:

Our Tax form to accompany your paperwork.

Please print off and fill in whichever applies to you:

(One per Adult) 

A handy checklist to make sure you have all your papers:

To Keep In Mind for 2022 Tax Year:

Ontario has introduced a “Staycation” Tax Credit for the year 2022 to encourage families to explore Ontario.

 

This credit is a temporary refundable credit.

 

If you intend to take advantage of this tax credit, it is important to remember to keep all relevant receipts.

View more info here:

ADDITIONAL 2021 TAX YEAR INFORMATION:
Website 2021 tax page (2).png

Registering for your My Account with CRA is a fantastic way for you to be able to view your benefits and credit payments, tax refunds, RRSP & TFSA limits, and more. 

CRA's  "My Account"
Website 2021 tax page (3).png
Tax Free Savings Account (TFSAs)

The TFSA limit was increased by $6,000 in 2021 and increased by $6,000 again in January of 2022.

 

This will bring the unadjusted cumulative total of TFSA contribution room to $81,500 for 2022.

Scams

THE CRA WILL NEVER:

  • Ask for SIN number or personal information by email or text

  • Use threatening language

  • Ask for credit card information

COMMON SCAMS:

  • phone calls requesting personal information such as a social insurance number, credit card number, bank account number, or passport number.

  • Insist it is for a refund

  • Use threatening language to scare you

  • Try to log you in to a fake website

For more information visit the CRA Website