CGA BC’s Public Practice Mailing Published Online August 2004

Are you missing out on claiming tax credits for your clients? Tax credits can generate a significant reduction in taxes and, when carried back to previous years, refunds. Clients may hesitate to claim credits available to them for a variety of reasons ...

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Below is the family tree form referred to in this article:

Client – Family Tree - Worksheet

Personal Tax Credits-What You Need to Know

Eileen Reppenhagen, CGA  The Tax Detective  www.taxdetective.ca

Grandpa
b. Health
II
Grandma		Client
b. Health		b. Health
		II
		Client Spouse
		b. Health
		Sister
		b. Health
		II
		Brother-in-law		Dtr
		b. Health	-	b. Health
				II
				Spouse		Grandson
				b. Health	-	b. Health
		Brother/Sister		Son
		b. Health	-	b. Health

Here are 10 basic questions to ask. 

1) How many persons live in your home and what are their ages and relationship to you?

2) Whom do you support financially other than those living with you?

3) Does anyone who lives with you have a mental or physical infirmity or disability?

4) Did your marital status change during the year?

5) Did anyone in your family arrive in or leave Canada, or die in the past year?

6) Did your family pay for attendant, child care provider or any retirement or nursing home costs?    

7) Did anyone in your family go to school, part time or full time?

8) Did anyone in your family pay for medical expenses this year?

9) Did anyone in your family pay extended health or dental premiums?

10) Did anyone in your family make donations or gifts to charities?

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If you obtain permisison to re-print an article, include this tagline:  "Eileen Reppenhagen, CGA is a Certified QuickBooks ProAdvisor and speaks and writes about accounting and tax.  Contact her at www.taxdetective.ca".