Tax Numbers for 2015

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Tax Numbers for 2015

RRSP:

The maximum RRSP contribution for 2015 is $24,930. Remember to look at your 2014 Notice of Assessment to see what your actual contribution room is.

TFSA:

he TFSA limit for 2015 is $5,500, for a total of $36,500 in room available for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009.

Medical Expense Threshold:

For the 2014 tax year, the maximum is 3% of net income or $2,171, whichever is less.

Donation Tax Credits:

after March 20, 2013, the first-time donor super credit is 25% for up to $1,000 in donations, for one tax year between 2013 and 2017.

 

By | 2015-02-25T16:34:51+00:00 February 25th, 2015|Tax Tips|0 Comments

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