Media Advisory - Top Five Commonly Overlooked Tax Tips



    CALGARY, March 19 /CNW/ -

    
    1.  Trying to save for a house? Money in your RRSP can be borrowed tax
        free to purchase a home.

    2.  Disability credits are very often overlooked simply because the
        taxpayer feels they do not qualify. Ask your doctor to review the
        criteria on the T2201 medical disability form to be submitted to the
        CRA and advise whether you qualify...

    3.  Any child under 18 who works part time or full time during the summer
        months may be entitled to a refund of taxes paid if their income is
        below the basic personal amount. Even if no tax is deducted,
        reporting the income will increase the child's RRSP contribution
        limit for future years.

    4.  Those turning 19 before April 1, 2008 should be filing a tax return
        even if they had no income. This will allow them to collect the
        GST/HST credit for the quarter following their 19th birthday.

    5.  Even with people names, pets are NOT dependants.
    

    A local H&R Block tax professional can talk about other commonly
overlooked tax credits and deductions.

    About H&R Block Canada
    ----------------------
    H&R Block Canada prepares nearly two million tax returns annually, making
it Canada's leading tax preparation firm. Headquartered in Calgary, Alberta,
the company serves Canadian taxpayers in more than 1,000 offices across the
country. H&R Block Canada Inc. is a subsidiary of H&R Block, Inc., a
diversified company with subsidiaries providing a wide range of financial
products and services. Additional information about H&R Block Canada is
available at 1-800-HRBLOCK or visit www.hrblock.ca for more tax tips.





For further information:

For further information: Tina Quelch, Calador Communications, (416)
925-6034, tina@caladorcommunications.com


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