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fiyf51 p j2 tribune february 5 1997 st money talk as to some of your important tax questions q starting in july my old age security cheque was almost 100 smaller than before why is this and what can 1 do about it a in july the government began deducting the oas hr block income tax this is the sign of canadas largest income tax preparation firm if you dont see this sign you will not benefit from hr blocks 30 years of experience in the preparation and electronic filing of income tax returns hr block- 8pbimhbbbwwbbbbw its the right thing to do address and phone number here 20 freel lane stouffville behind go station 6422927 under new management 65 brock rd uxbridge 8527409 make elrjsjp house calls donna painter when it comes to doing something as important as planning your financial future it makes sense you should be where youre most comfortable either at your home or your office which is where i come in ill help you plan everything from reducing your taxes to wealth building investments to a comfortable retirement all at the place most convenient for you why because youre worth more just call me at 9057378966 9056493417 mr investors itjgf group yoiriuttbini mom clawback from your monthly oas cheques 53215 there- the amount deducted is based on your 1995 claw- fore you should back for example if you had to repay 1200 of your take advantage of oas in 1995 the government began deducting 112 as many tax deduc- of that amount from your monthly cheques in july tions as possible when you file your 1996 tax return you will calculate your actual oas claw- back based on your social security benefits paid by one country to residents of the other are now subject to with holding tax by the source coun try but are not taxable at all in the country of residence 1996 income if too much was deducted you will get it back if too lit tle you will have to pay it when you file your 1996 return there is no way to avoid the clawback deduction other than to reduce your net income below the clawback threshold which is currently set at q my wife and i made charita ble donations during the year amounting to 200 each is it better for us to claim all the donations on one tax return or for each of us to claim our own donations independent thinking from your independent broker we offer a xoide variety of products services from banks trust companies insurance industry mutual fund industry rrsps investment planning gics mutual funds seg funds income we do not charge fees for our services we can help you i brian j evans financial services mil brian j evans 38 toronto st n unit 2 uxbridge 905 8523184 18002680417 associated with triple a financial services open monday- friday 900 500 saturdays durtng february 900 500 evening appointments available noobligation consultation get a second opinion tel mark kostandoff financial advisor call me at midland walwyn capital inc 22 front st w 12th floor toronto on m5j 1c4 416 3692120 or 1 800 5584331 fax 416 3692135 midland walwyn blue chip thinking blue chip thinking is a trademark of midland walwyn capital inc midland walwyn is a member of the canadian investor protection fund a it is beneficial to pool the donations and make one claim whenever the combined receipts are in excess of 200 taxpayers with donations that total less than 200 may wish to consider saving their receipts and pooling donations for two or more years to take advantage of the higher tax credit rate charitable donations can be claimed any time within five years q i want to know why the us is deducting tax from my social security pension even though my income is so low that i have never had to pay tax on this money before can i claim a credit for this tax on my canadian return or apply for a refund from the us a the deduction is the result of changes to the canada us treaty most of which took effect on jan 1 1996 social security benefits paid by one country to residents of the other are now subject to with holding tax by the source coun try but are not taxable at all in the country of residence this means you can not claim a credit on your canadian return since the income is not taxable in canada nor can you get a refund from the us unless you qualify as a us resident this means that unless you are a us citizen a holder of a valid green card are married to a us citizen or spend enough time in the us to qualify as a resident you are probably out of luck if you think you might qualify as a us resident be sure to see a tax professional for assistance this article was submitted by stouffville and uxbridge hr block and helen davis investors group i david burke representative 6421027 rrsps estate and retirement planning fashion fotos photo of cynthia our skin care and makeup artist v hairstyling makeup and free 5x7 photo by appointment feb 14 15 1997 msm artistic hair stop furst fotos 53 albert st uxbridge 8527391 r1 ik ymor