Mutual Funds are offered through Investia Financial Services Inc.
This Tax Season: 2022
Submission Options:
We prefer physical paper drop-off to our location at: 130 St. Patrick Street W. Fergus ON,
Or you can contact us via email for electronic sending of documents.
Client Support:
In order to offer you the best tax experience, we offer year-round support to our tax clients at no extra cost. This includes dealing with audits, understanding follow-up notices, and sending the CRA documents as requested.
Our Tax form to accompany your paperwork:
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 TAX YEAR INFORMATION:
Warning from the CRA:
Failing to provide all tax slips for any year will result in penalties. Repeat offenders will be subject to very punitive fines.
Therefore, we urge everyone to ensure they provide ALL the income slips you should before filing your return.
Commonly missed slips are T3s and T5s that are issued to reflect taxable income from investment holdings and bank accounts.
Tax Free Savings Account (TFSAs)
The TFSA limit was increased by $6,000 in 2022 and increased by $6,000 again in January of 2023.
This will bring the unadjusted cumulative total of TFSA contribution room to $88,000 for 2023.
Scams
THE CRA WILL NEVER:
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Ask for SIN number or personal information by email or text
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Use threatening language
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Ask for credit card information
COMMON SCAMS:
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phone calls requesting personal information such as a social insurance number, credit card number, bank account number, or passport number.
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Insist it is for a refund
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Use threatening language to scare you
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Try to log you in to a fake website
For more information visit the CRA Website