Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario

February 16, 2010 07:30 ET

Ontario CAs to Prepare More Than 11,500 Free Tax Returns

Chartered Accountants work to help low-income earners in their communities since 1969

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2010) - For the 42nd year in a row, the Institute of Chartered Accountants of Ontario is organizing its annual Free CA Tax Clinics, which will once again be offered at various times and locations across the province. Chartered Accountants (CAs) will step up for the needy in their communities by preparing tax returns for those in low-income brackets from February 16 until March 31, 2010.

Designed to serve people with low-incomes who need help preparing tax returns, the Free CA Tax Clinics help people receive much-needed tax credits and refunds. Since the program was initiated, thousands of Ontarians have benefited from the volunteer tax-time help of the CAs. Today, the program is an ongoing partnership between over 200 community service groups that host the clinics and the more than 1,600 volunteer Chartered Accountants and CA students who complete the returns free of charge.

The Free CA Tax Clinics are open to those with total annual household incomes of less than $25,000 with dependents and less than $17,000 with no dependents. Information about clinics and their locations across the province is available on the Institute website at: http://www.icao.on.ca/Public/FreeCATaxClinics/1007page1057.aspx.

"The Institute of Chartered Accountants of Ontario has been co-ordinating this valuable program since 1969," said Donna Genova, Associate Director and Practice Advisor, Member Services at the Institute. "Our members find it gratifying to be able to give something back to the communities where they live and work."

People who meet the requirements, and have booked appointments at a clinic, are asked to bring a copy of their last filed return, notice of assessment, social insurance number and all tax information slips. Tax returns will be completed on site at the clinic.

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 33,000 CAs and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's high standards of qualification and the enforcement of its rules of professional conduct. Recognized internationally, the CA designation denotes financial expertise, strategic thinking, business insight and leadership. The Institute website is: www.icao.on.ca and the student website is www.guidetorulingtheworld.ca.

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