The Globe and Mail | Tax deductions? Credits? Here’s a handy checklist for seniors
I have a number of neighbours who are getting on in years. There’s a particular couple whom we like to visit regularly. George’s short-term memory isn’t what it used to be. He was telling me the other day about a wonderful new golf course that he and his wife visited last fall.
“The course was beautiful, and the green fees were excellent” he told me. “What was the name of the course?” I asked. “Hmm, I can’t recall,” he said. “What do you call that flower that people like to give on Valentine’s Day?”
“You’re talking about a rose,” I said.
“That’s it!” he shouted. “Rose, what’s the name of that golf course that we visited last fall?”
It turns out that George forgot to file his tax return last year. So I reminded him that it’s almost time to get that done for 2013. Then I shared with him the key deductions and credits that seniors should be thinking about when they file their returns this year. Here’s what we talked about.