Return to the Retirement Forum | Post a Follow-Up

 o
Canadians: Free Income Tax preparation for low-income taxpayers

Posted by joyfulguy (My Page) on
Fri, Feb 28, 03 at 4:47

The Canada Customs and Revenue Agency has the Volunteer Income Tax Preparation Program in which they train volunteers to prepare tax returns for low income taxpayers.

They set up a number of clinics in vets hosp, libraries, mental health centres, churches, community centres, etc. where the volunteers prepare tax returns at advertised times.

Then they put up posters to inform the citizenry of the availablility, locations and times of the service.

Individual taxpayers whose income is under $20,000. qualify for the service, as do couples with incomes under $25,000.

The volunteers may also prepare tax returns for individuals, often in their own homes.

To find out where this service may be offered in or near your community, call the Canada Customs and Revenue Agency (formerly Revenue Canada).

Phone numbers are in the tax package which you received early in the year, or in the"Taxes" section of the Blue Pages in your telephone book.

It might be a good idea, when the preparation of your tax return is complete, to ask the Volunteer what ways might be available to you in order to reduce your tax load for future years.

Having been a personal financial planner (selling no financial products) for nearly 20 years and a retirement consultant, I've asked some local tax preparers how many of their clients ask them how they might be able to rearrange their affairs in order to reduce their tax load.

I've been surprised to hear that only rarely does this happen.

Seems to me if I felt the need to have a person much more knowledgeable in the income tax system than I prepare my tax, I'd want to find out some possible ways that a I might be able to reduce them.

Good wishes for finding some effective ways of reducing your income tax load (legally, of course). Tax evasion gets you into serious trouble: tax avoidance should be practised by every taxpayer.

joyful guy/Ed


Follow-Up Postings:

 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Retirement Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here