Tag Archives: Intuit

Canadians Can Chat With TurboTax Tax Experts

Intuit Canada is offering free online or over the phone chatting with Tax Experts in Canada. During the tax season, these TurboTax Canada tax experts are available 24 hours a day and 7 days a week.

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Beginning in February, Canadians can call or chat online with TurboTax tax experts. If you have questions about claiming business property deductions or medical expenses for small business employees, calling TurboTax Canada is a great idea at the right price, free. You don’t need an appointment just jump online.

Like many in America, we in Canada want the largest possible tax refund at filing time. Get professional advice and using great software helps to ensure you get every deduction. Once an additional fee, expert support is now available to anyone that has purchased the popular tax preparation software. The service starts when tax season begins and does not end until the tax deadline has pasted.

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How To Avoid Fraudulent Charities

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The holiday season is a time for giving not only to our friends and family but also to charitable institutions. This meaningful act enables us to make a difference while receiving tax credits in return — funds that make this a sustainable undertaking. Make all donations count by taking the following precautions:

Donations
Donations (Photo credit: Matthew Burpee)

1. Do a background check.

Criminals use names that sound similar to well-known charities. Look through the list of registered institutions compiled by the Canada Revenue Agency to verify. Ask for a receipt as well as this will be a requirement for claiming tax credits.

2. Go beyond charities.

There are a number of qualified donees that may give receipts even though they are not charitable organizations. These can also be used to gain tax credits according to the Income Tax Act. Examples are municipalities, national art clubs, and amateur athletic federations.

3. Donees have discretion on receipts.

These groups are not mandated to provide a receipt to their donors. People must ask them explicitly to acquire this proof of donation for tax purposes. Inquire about it before handing any funds to avoid any confusion.

4. Some non-cash donations can lead to tax credits, too.

Stocks, land, and personal property all merit credits when it’s time to pay for tax. Note that donated securities are not subjected to capital gains tax while donated properties are. Helping charities through volunteer work does not result in tax credits. The CRA has published guidelines on this so be sure to browse their website. TurboTax Canada also has helpful information on the matter.

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