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Thanks for a great tax season in 2008. It's time to file for 2009! The tax deadline is April 30! We are available all year round!

Amount for children born in 1991 or later – You may be able to claim $2,038 for each of your or your spouse or common-law partners children if they lived with you throughout 2008 and were under the age of 18 at the end of the year. Childrens fitness amount – You may be able to claim up to $500 in eligible fees paid in 2008 to register each of your or your spouse or common-law partner children in a prescribed program of physical activity. Pension income splitting – Individuals who received eligible pension income in the year may be able to allocate up to half of that income to their spouse or common-law partner. To make this election, individuals must complete Form T1032, Joint Election to Split Pension Income. Public transit amount – Individuals can claim the cost of monthly or longer duration public transit passes for travel within Canada. The passes must permit unlimited travel on local buses, streetcars, subways, commuter trains or buses, and local ferries. The cost of shorter duration passes can also be claimed if each pass entitles the user to unlimited travel for an uninterrupted period of at least five days and the user purchases enough of these passes so that the user is entitled to unlimited travel for at least 20 days in any 28-day period. Individuals can also claim the cost of electronic payment cards when used to make at least 32 one-way trips during an uninterrupted period not exceeding 31 days. Tradespersons tool deduction – On their 2008 income tax returns, employed tradespersons (including apprentice mechanics) may be able to claim a deduction of up to $500 based on the cost of eligible tools in excess of $1,019 that they acquired during 2008. Working Income Tax Benefit (WITB) – When filing their income tax returns, individuals and families with low incomes may be able to claim the WITB, which includes a supplement for individuals who are entitled to the disability tax credit. Eligible individuals and families can also apply for advance payment of up to one half of their estimated 2009 WITB using Form RC201, Working Income Tax Benefit Advance Payments Application for 2009.

Whats New for 2009

Lowest tax rate – The lowest tax rate for 2008 is 15%. This rate also applies when calculating federal non-refundable tax credits.

A Tax-Free Savings Account is a new way for residents of Canada to set money aside, tax-free, throughout their lifetimes. Contributions to a TFSA and the interest on money borrowed to invest in a TFSA are not tax deductible. The income generated in the TFSA is tax-free when withdrawn.