Here are some changes to be aware of ahead of tax season [Video]

Tax season is quickly approaching and there are a few changes to be aware of.

A Saskatchewan accountant, Gautam Sudani from Mokx Professional Services Ltd., says one of these changes involves the income threshold for 2024.

“Earlier it was somewhere [around] $14,000 and this year it’s $15,705, so people can earn a little more income compared to last year,” Gautam Sudani said.

Sudani says there have also been changes to the Canada Workers Benefit and the rules for those who make an income behind the wheel, specifically rideshare and delivery drivers for services such as Uber or Skip (formerly SkipTheDishes).

For those who opened a first home savings account, Sudani says to indicate that on your return to maximize your contribution allowance.

He adds that common mistakes include not knowing deadline dates or not including all relevant tax information, such as T4s.

He encourages those filing for the first time …