The Canada Revenue Agency (CRA) wants you to know about the following changes in the 2007 individual income tax and benefit return:

Did you know…

That February 29, 2008, is the deadline for making a contribution to a registered retirement savings plan (RRSP) for the 2007 tax year? With RRSPs, you can start saving now for your retirement, education, or the purchase of a home. To view your RRSP deduction limit and other personal income and benefit information, why not log on to My Account at www.cra.gc.ca/myaccount .

Ottawa, Ontario, January 18, 2008... The Canada Revenue Agency (CRA) issued the January Canada Child Tax Benefit (CCTB) payments today. The payments totalling more than $792 million were issued to over 2.8 million recipients across Canada.

Did you know…

That you can claim, as a non-refundable tax credit, medical expenses for yourself, your spouse or common-law partner, and your children born in 1990 or later? For 2007, the total expenses have to be more than 3% of your net income, or $1,926, whichever is less.

Ottawa, January 4, 2008... TheВ CanadaВ RevenueВ AgencyВ (CRA) is issuing the January goods and services tax/harmonized sales tax (GST/HST) credit payments today. Individuals who have their GST/HST creditВ payments deposited directly into their accounts at their financial institutions can expect to receive their payments today.

Each year, certain personal income tax amounts are indexed to inflation using the Consumer Price Index data, as reported by Statistics Canada.

Ottawa, Ontario, December 17, 2007… Minister of National Revenue Gordon O'Connor today assured Canadians that the Canada Revenue Agency (CRA) is ready to support taxpayers to ensure that they understand the new tax measures passed by Parliament on Friday and are able to take full advantage of them.

Ottawa, Ontario, November 20, 2007... The Canada Revenue Agency (CRA) issued the November Canada Child Tax Benefit (CCTB) payments today. The payments totalling more than $784 million were issued to over 2.8 million recipients across Canada.