• What is it?

  
  





• Government Savings account in which you can put money away for you and/or a partner, to save for the purchase of your first home.

  
  





• Who is it available to?

  
  





• This is available to anyone in which hasn’t personally owned or has a common-law/spouse who’s owned a primary residence within the past 4 years

  
  





• Why would someone use it?

  
  





• This is beneficial to someone who is looking to save money for first home and not having the trouble of looking elsewhere of how and where to store the savings.

  
  





• How much can one contribute?

  
  





• An individual is allowed to contribute $8,000 per year, to a maximum of $40,000 for a lifetime. Lifetime means that you can only ever save up to $40k in this to buy your first time, you cannot go higher than this.

  
  



• Tax Tip: Is good for those looking for a way to also deduct their taxable income but also have to pay $0 in taxes once you withdraw, saving you $$

  
  

• Grocery Rebate

  
  





• What is it?

  
  





• A sum of money given to you by the federal government to help assist with the cost of groceries. It is solely based on income, which the threshold is $X or 

  
  





• Who is it available to?

  
  





• Anyone within the GST credit area, meaning, if you receive the GST credit, you'll be eligible to receive this rebate.

  
  





• How much will you receive?

  
  





• An average family of four with two children would receive $467, while a single Canadian would be eligible for $234 in rebates 

  
  







• Federal Student Loan interest eliminated April 1

  
  





• So, don’t worry about having to deduct this on your return anymore/ SK YOU STILL NEED TO

  
  





• Rental and dental benefits weren’t used much

  
  



• Federal income tax brackets indexed by 6.3%

  
  



• Payday loans 

  
  



• Increase student loan interest limit

  
  



• New Carbon Tax April 1

  
  

After grocery and other rebates

• Why we should file tax returns

  
  





• If you don’t you can’t take advantage of any of the credits/rebates mentioned