Family Tax Cut

Canada Revenue Agency (CRA) has announced that there has been an amendment to the calculation of the Family Tax Cut. Tuition, textbook and education credits can now be transferred from a common-law partner or spouse. The change is retroactive to 2014 and will also apply to future years. CRA has indicated that they will do an "auto-adjustment" for taxpayers that are affected. If you receive information from CRA that they have adjusted your return with regard to the Family Tax Cut and you have questions about it, please contact us.