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Five tips on tax reductions

Appointments with The Community Volunteer Income Tax Program fill up fast and can be made in person at the New Glasgow Library or by calling 902 755 6031.
Appointments with The Community Volunteer Income Tax Program fill up fast and can be made in person at the New Glasgow Library or by calling 902 755 6031. - Brendan Ahern

The Community Volunteer Income Tax Program is on at the New Glasgow Public Library.

“We get about 85 people here per day usually, and we’re pretty much all filled up,” said volunteer Alan Murray.

In order to receive help filing your taxes in Pictou County from these volunteers people need to book an appointment, either at the New Glasgow Library or by calling 902 755 6031.

This year it’s too late, but for next year Murray urges people who want to take advantage of this free service to book their appointments early.

Here’s just a small list of the ways they can help:

Medical Trip Expenses

In Nova Scotia, you can claim expenses like fuel and food for all medical-related travel. This only applies to doctor visits and medical procedures that can’t be accessed in Pictou County, so trips to Halifax.

People taking advantage of this deduction will require receipts from the clinic or hospital that they visit.

Disability Tax Credit

In order to be eligible for a disability tax credit patients must have forms confirming their condition signed by a doctor.

Income splitting

Recipients of pension or old age security who are 65 years or older and are married or in a common law relationship then they can split the income from their RRSP, RRIF, life annuity and any other qualifying payments.

Fire Fighters and SAR

If you’re a fire fighter then you can get an additional deduction on your federal income tax and the province of nova scotia will provide you with an additional 500$. Like everything else, individuals must be able to show the proper paper work from their organization. The same deductions apply to people are Search and Rescue.

Donations

People who made donations under $200 can get 24 per cent of that returned. Donations over $200 can get a 50 per cent return. Again, recipients must be able to provide a receipt with the charity’s number on it. Those recipients are good for five years.

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