Tax tip Seniors - your pension isn't the only benefit

The Canada Revenue Agency (CRA) offers a full range of tax-related services for Canadian seniors. In an online Tax Tip on the CRA web site, seniors can learn about tax benefits, non-refundable tax credits, electronic services, and payment methods.

Benefits
There are a number of tax measures that may be of interest to Canadian seniors. To receive the goods and services tax/harmonized sales tax (GST/HST) credit, you must apply by completing the application area on page 1 of your 2008 income tax and benefit return, even if you received the credit last year. For more information on the GST/HST credit, see Pamphlet RC4210, GST/HST Credit, or go to www.cra.gc.ca/benefits.

To split your eligible pension income between you and your spouse or common-law partner in order to reduce the amount of taxes that you owe, both of you should complete Form T1032, Joint Election to Split Pension Income. Be sure to keep the form in your records if you file electronically, or include it with your paper return.

For more information about tax benefits for seniors, go to www.cra.gc.ca/seniors for more detailed information.