1. Even if you don’t earn any income, file a tax return. You may still qualify for tax credits and deductions that result in a tax refund.

2. Caregivers are eligible to claim a non-refundable tax credit. This applies to parents taking care of infirm children 18 or over or children taking care of infirm or elderly parents.

3. Certain moving expenses are tax deductible – provided you move at least 40 kilometres closer to your new work or school location. However, moving expenses were identified by the Canada Revenue Agency as the number one EFILE adjustment so make sure you understand if your move qualifies and what you can deduct.

4. Premiums that you paid to private health plans may be claimed as a medical expense.

5. Even if you EFILE your return, you must keep your supporting documentation and receipts in case the CRA asks for them. If you cannot supply the paperwork, they may reject your claim.

(Chartered accountants based in Mississauga and Etobicoke)