Personal Tax Return Guide, 2022 Taxation Year, Print and ProView eBook
There is a "See Also" section for each line of the tax return listing the related sections of the Income Tax Act (and regulations) and relevant Canada Revenue Agency publications, including Interpretation Bulletins, Information Circulars, Income Tax Technical News, tax forms, tax guides, and pamphlets. In addition, Helpful Hints are scattered throughout the Guide, providing additional tax-planning information.
The Appendices to the Guide contain useful personal tax reference information to assist you in completing and filing the 2022 Personal Tax Return, including a Medical Expense Quick Reference Table, Canadian and U.S. Personal Tax Compliance Calendars, various Personal Tax Reference Tables, and several Tax Planner Guides.
What's new in this edition:
The Personal Tax Guide has been updated to reflect legislative and administrative developments since the last edition, including federal and provincial legislative and administrative measures announced in 2022. The Guide has also been updated to reflect the latest court cases, government publications, and changes to federal and provincial personal tax credits, tax deductions, and threshold amounts for 2022.
The following personal income tax developments are reflected in the 2022 edition of the T1 Guide:
- Updated CRA administrative policy for taxable benefits relating to gift cards
- Introduction of the labour mobility deduction for trades people
- Introduction of the “residential property flipping rule”
- Changes to the eligibility rules for the disability tax credit
- Expansion of eligibility for certain surrogacy and fertility-related expenses for the medical expense tax credit
- Increase in the amount eligible for the first-time home buyers’ tax credit
- Increase in the annual expense limit for home accessibility expenses
- Introduction of the air quality improvement tax credit
- Introduction of the multigenerational home renovation tax credit
- Introduction of the underused housing tax applicable to nonresidents
- Introduction of the first home savings account
About Thomson Reuters ProView
ProView is the way to read Thomson Reuters eBooks and eLooseleafs, published primarily for legal, accounting, human resources, and tax professions. The Thomson Reuters ProView web-based application is accessed via your browser. With the new ProView web app, offline capability is now available from your browser. The web application has a responsive design and is compatible with desktop, laptop, and mobile devices.
Personal Tax Return Guide, 2022 Taxation Year, Print and ProView eBook
Description
There is a "See Also" section for each line of the tax return listing the related sections of the Income Tax Act (and regulations) and relevant Canada Revenue Agency publications, including Interpretation Bulletins, Information Circulars, Income Tax Technical News, tax forms, tax guides, and pamphlets. In addition, Helpful Hints are scattered throughout the Guide, providing additional tax-planning information.
The Appendices to the Guide contain useful personal tax reference information to assist you in completing and filing the 2022 Personal Tax Return, including a Medical Expense Quick Reference Table, Canadian and U.S. Personal Tax Compliance Calendars, various Personal Tax Reference Tables, and several Tax Planner Guides.
What's new in this edition:
The Personal Tax Guide has been updated to reflect legislative and administrative developments since the last edition, including federal and provincial legislative and administrative measures announced in 2022. The Guide has also been updated to reflect the latest court cases, government publications, and changes to federal and provincial personal tax credits, tax deductions, and threshold amounts for 2022.
The following personal income tax developments are reflected in the 2022 edition of the T1 Guide:
- Updated CRA administrative policy for taxable benefits relating to gift cards
- Introduction of the labour mobility deduction for trades people
- Introduction of the “residential property flipping rule”
- Changes to the eligibility rules for the disability tax credit
- Expansion of eligibility for certain surrogacy and fertility-related expenses for the medical expense tax credit
- Increase in the amount eligible for the first-time home buyers’ tax credit
- Increase in the annual expense limit for home accessibility expenses
- Introduction of the air quality improvement tax credit
- Introduction of the multigenerational home renovation tax credit
- Introduction of the underused housing tax applicable to nonresidents
- Introduction of the first home savings account
About Thomson Reuters ProView
ProView is the way to read Thomson Reuters eBooks and eLooseleafs, published primarily for legal, accounting, human resources, and tax professions. The Thomson Reuters ProView web-based application is accessed via your browser. With the new ProView web app, offline capability is now available from your browser. The web application has a responsive design and is compatible with desktop, laptop, and mobile devices.