The Guaranteed Income Supplement provides extra money to Old Age Security pensioners with a low income. Because the Supplement is based on marital status and income, you may qualify now, even if you did not qualify in a previous year. The Allowance and the Allowance for the Survivor also provide extra money to eligible low income individuals aged 60 to 64.

Low-income and individuals can now claim the Working Income Tax Benefit (WITB). The annual maximum amount for a single individual with no dependents is $500 and for families (including couples with or without children, and single parents) is $1,000. In addition, starting in January 2008, eligible individuals and families can apply for the WITB advance payment. To see if you qualify, see the CRA website.

You can reduce your income by donating to registered charities. You can claim donations made this year or carry forward any unclaimed donations up to five years. Married or common-law couples can pool their donations and claim them on one return. Please be aware of certain charitable donation schemes being promoted about which CRA has issued warnings. For more information, visit the CRA website.

Claim payments for child-care expenses if your child is at home, in a nursery school, day-care, camps, boarding schools, and sports schools. These expenses may be claimed by you or your spouse if incurred in order to work, carry on a business or attend school. Claims vary depending on the age of the child. Ask us if you are unsure.

A portion of the cost of eligible tools acquired by you as an employed tradesperson may be deductible. If, as a condition of your employment as a tradesperson you spent in excess of $1,000 on tools purchased after May 1, 2006, have your employer complete and sign a T2200. Attach a list of tools and your receipts to the completed T2200 to keep in case CRA requests to see them for verification.