The
Personal Tax Return Guide, 2012 Taxation Year provides line-by-line instructions to assist you in completing and filing the 2012 Canadian Personal Tax Return. The Guide is laid out in an easy to follow line-by-line format, with a separate discussion/analysis and reporting instructions for each line of the tax return. 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, there are Helpful Hints scattered throughout the Guide which provide additional tax-planning information.
The Appendices to the Guide contain useful personal tax reference information to assist you in completing and filing the 2012 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:
- Fully updated to reflect federal and provincial 2012 tax rates, 2012 personal tax credit amounts, and limits for 2012 personal tax deductions
- Fully updated to reflect personal tax changes announced in the 2012 Federal budget and 2012 provincial/territorial budgets
- New – Personal Tax Deductions Quick Reference Table – handy quick reference table listing the federal personal tax deductions that individuals can deduct on their 2012 personal income tax return, including references to the line of the T1 return, T1 schedules, tax forms, CRA publications, sections of the Income Tax Act and other relevant authority
- New – Personal Tax Credits Quick Reference Table – handy quick reference table listing the federal personal tax credits that individuals can claim on their 2012 personal income tax return, including references to the line of the T1 return, T1 schedules, tax forms, CRA publications, sections of the Income Tax Act and other relevant authority
- Medical Expenses Quick Reference Table – fully updated to reflect new case law and all 2012 CRA administrative views relating to tax-deductible medical expenses
- Discussion of new mandatory e-filing requirements for tax preparers
- Expanded discussion of personal tax planning, including the attribution rules and post-mortem tax planning and elections
- New paragraph referencing system throughout the book to allow users to find material more quickly
Available online on Taxnet Pro
Paula Ideias received her law degree from Osgoode Hall Law School in 1998 and was called to the Ontario Bar in 2000. Paula is currently a Senior Tax Writer at Carswell, a Thomson Reuters business. Before coming to Carswell, Paula practiced tax and estate planning at PricewaterhouseCoopers LLP for more than eight years, specializing in tax compliance and planning for high net worth individuals, owner-managers of private corporations, trusts and estates, and Canada-U.S. cross-border income tax compliance and estate planning.
Paula has authored several research papers on various tax and estate planning topics, including Ownership of U.S. Residential Property by Canadian Residents, which was presented at the Canadian Tax Foundation's 57th Annual Tax Conference. Paula is also an editor of the 2009 edition of the
Practitioner's Guide to Ontario Corporate Tax.
Paula is a member of the Law Society of Upper Canada, STEP Canada and the Toronto Estate Planning Council.
Paula Ideias est rédactrice principale en fiscalité chez Carswell, une division de Thomson Reuters. Avant de se joindre à Carswell, Me Ideias occupait le poste d'administratrice fiscale au sein d'un important cabinet comptable public, spécialisé en impôt des particuliers et en planification successorale. Me Ideias détient un diplôme en droit de Osgoode Hall Law School et a été admise au Barreau de l'Ontario en 2000.