Information Session: Income Tax Deductions | Otter Lake

We are pleased to invite you to an informative session hosted by the Canada Revenue Agency (CRA), designed specifically for seniors. This session will offer valuable insights into the various income tax deductions and credits available to help reduce your tax burden and maximize your financial benefits.

Overview of topics:

• Main types of income for seniors
• Canada Pension Plan (CPP) recovery tax
• Pension income splitting
• Registered Retirement Savings Plan (RRSP)
•  Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit
• Disability Tax Credit (DTC)
• Canada Caregiver Credit (CCC)
• Medical expenses
• Home accessibility expenses
• Protected online tools and services – My CRA Account
• Tax assistance service – Volunteer Program (TASVP)
• Avoid scams

PLEASE NOTE: This is a free workshop for the 55+ community.