Tax season's back, alright

🎵

Everybody (yeah-ah)
Find your T4s (yeah-ah)
Everybody, find your slips tonight
Tax season's back, alright

🎵

Oh my gosh, we're back again
All our users, let me hear you sing
Gonna bring the updates, show you how
To file your tax return, you wanna start right now?

🎵

Is there a checklist? (yeah-ah)
How 'bout for Québec residents? (yeah-ah)
Is SimpleTax updated? (yeah-ah)
We've got everything you need, you better get those tax slips now!

(sung to the tune of the preeminent hit, Backstreet's Back)

Ahem, now that that's out of my system… another tax season is here. Mark your calendars: the CRA and Revenu Québec will start accepting returns February 18th (one week earlier than last year).

In the meantime, if you want to start preparing your return, SimpleTax 2018 is here. We've updated our Canadian tax return checklist (including a version specifically for Québec residents) to help you out.

If you haven't already, we recommend signing up for CRA My Account now so you can benefit from Auto-fill when it opens on February 18th.

This year, there are a handful of tax changes that might impact how you file your return. Here's a list of the major changes.1

Federal

  • The federal public transit amount has been eliminated.
  • The employee home relocation loans deduction has been eliminated.
  • The first time donor's super credit has been eliminated.
  • The "tax on split income" (TOSI) rules now apply to certain adults who earn income from related businesses. Learn more.

Alberta

  • Political contributions to the Senatorial Selection Campaign have been eliminated.

British Columbia

  • The children's fitness, children's fitness equipment, and children's arts amounts have been eliminated.
  • The education coaching amount has been eliminated.
  • The "BC caregiver amount" has replaced both the amount for infirm dependant age 18 or older and the caregiver amount. You can no longer claim non-infirm senior parents as dependants.

Manitoba

  • The Climate Action Incentive is a new, refundable credit for residents of certain provinces (including Manitoba). Most people can claim this credit.
  • The Manitoba tuition fee rebate and the advanced tuition rebate have been fully eliminated. You can no longer claim these credits or any related unused amounts.
  • The Manitoba odour-control and nutrient management credits have been eliminated, but you can still claim any unused amounts.

New Brunswick

  • The Climate Action Incentive is a new, refundable credit for residents of certain provinces (including New Brunswick). Most people can claim this credit.

Newfoundland

  • No provincial changes.1

Northwest Territories

  • No territorial changes.1

Nova Scotia

  • There's a new income-tested supplement to the basic personal amount, the age amount, the spouse or common-law partner amount, and the amount for an eligible dependant. You can see the calculation on the provincial worksheet in SimpleTax.

Nunavut

  • No territorial changes.1

Ontario

  • The Climate Action Incentive is a new, refundable credit for residents of certain provinces (including Ontario). Most people can claim this credit.
  • Ontario tuition and education amounts (and transfers) have been eliminated. However, you can still claim any unused provincial amounts from prior years.

Prince Edward Island

  • No provincial changes.1

Québec

  • There is a new first time home buyers' tax credit.
  • There is a new senior assistance tax credit.
  • The caregiver credit has been expanded to include dependants you support financially, even if they don't live with you.
  • The dividend tax credit rate changed part way through the year. Your slips will indicate whether your dividends were received before, or after, March 27.

Saskatchewan

  • The Climate Action Incentive is a new, refundable credit for residents of certain provinces (including Saskatchewan). Most people can claim this credit.
  • Saskatchewan tuition and education amounts (and transfers) have been eliminated. However, you can still claim any unused provincial amounts from prior years.

Yukon

  • The Yukon public transit amount has been eliminated.

1 This list only includes credits and deductions that have been introduced or eliminated; it doesn't include any changes to tax rates or tax brackets.

P.S.

Now throw your hands up in the air
Wave 'em around like you just don't care
If you want to party let me hear you yell
Because SimpleTax is back again
Yeah-y-yeah-y-yeah

File your 2018 tax return today

This year, enjoy doing your taxes. Seriously.