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Tax Tips for Seniors

Originally posted on Advisor.ca

The Canada Revenue Agency, along with posting tax tips for families and students, has also posted tax submission tips and hints for seniors.

With the submission deadline approaching, make sure your clients take advantage of the following the benefits and hints provided by the CRA:

Age amount: If your client was 65 years old or older on December 31, 2011, and their net income was less than $76,541, they might be able to claim this non-refundable tax credit.

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