CRA Tax tip: For better or worse

The following tax tip is now available on the CRA Web site:

"If your marital status changed during the 2005 tax year, the calculation of benefits and credits paid by the Canada Revenue Agency (CRA) could be affected. You should notify the CRA of the change, in writing, as soon as possible after it takes place, and also update your marital status on your 2005 tax return. In some situations, you may be eligible for additional Canada Child Tax Benefit (CCTB) and/or goods and services tax/harmonized sales tax (GST/HST) credit payments. Notifying the CRA of this change also ensures that you are not subject to CCTB or GST/HST credit overpayments, and that your benefit and credit entitlements are correct."

For more information on this tax tip visit the CRA web site at:
http://www.cra-arc.gc.ca/newsroom/taxtips/2006/tt060314-e.html