5000-G

What's new for 2002?

We list the major changes below, including income tax changes that have been announced, but were not law at the time of printing. If they become law as proposed, they will be effective for 2002 or as of the dates indicated. For more details on these and other changes, see the areas outlined in this guide.

TELEFILE - Because of improvements to this free service, you now may be able to file your return by telephone. For more information, see the section called "Filing Electronically".

Schedule 7 - You now have to provide information about your withdrawals under the Home Buyers' Plan (HBP).
See "Lines 15 to 18 - 2002 withdrawals under the HBP and the LLP".

Moving expenses (line 219) - There is a change to when you can claim expenses paid after the year of the move.

Apprentice vehicle mechanics - You may be able to claim a deduction for new tools (including certain related equipment) you purchased.
See line 229 for details.

Adult basic education tuition assistance - You may be able to claim a deduction for tuition assistance you included in your income.
See line 256 for details.

Tuition and education amounts (line 323) - You now can claim the education amount even if you received financial assistance under certain training programs.

Medical expenses (line 330) - The period for which you can claim expenses for a person who died in the year has been extended.

Are you using the tax and benefit package for the correct province or territory?

It is important to use the package for the province or territory of which you were a resident at the end of the year so that your provincial or territorial tax and credits can be calculated properly. To make sure you are using the correct package, see "Which tax and benefit package should you use?".

Did You Know?

You could be eligible for a monthly Canada Child Tax Benefit payment

• Complete the Canada Child Tax Benefit Application form for each child in your care.
• Both spouses or common-law partners have to file a tax return.
• To avoid delays in receiving your payments, make sure we have your current address.
• For more information, see "Canada Child Tax Benefit (CCTB)" in this guide.

You could be eligible for a GST/HST credit

• Apply when you file a tax return.
• To avoid delays in receiving your payments, make sure we have your current address.
• For more information, see "Goods and services tax/harmonized sales tax (GST/HST) credit application" in this guide.