Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario

February 29, 2008 10:18 ET

For the 40th Year, Ontario CAs to Prepare Over 10,000 Free Tax Returns

Chartered Accountants have helped low-income earners in their communities since 1969

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2008) - For the 40th year in a row, the annual Free CA Tax Clinics will once again be offered by the Institute of Chartered Accountants of Ontario 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 18 until March 31 2008.

It was 1969 - the year of Woodstock and the first Apollo mission to the moon - when the Institute first launched the Free CA Tax Clinic program. Designed to serve low-income people who need help preparing tax returns, the Free CA Tax Clinics help these 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 1,500 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 up to $25,000 with dependents and $17,000 with no dependents. The Clinics will run across most of the province between February 18 and March 31, 2008. For more information on who qualifies, or to find out where the Clinics are being held, either within or outside the GTA, call the Institute at 416-962-1841, ext. 462 or toll-free at 1-800-387-0735, ext. 462. Information about clinics and their locations across the province is also 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 more than 32,000 CAs and 4,000 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.ca2b.biz.

Contact Information

  • The Institute of Chartered Accountants of Ontario
    Perry Jensen
    (416) 969-4271 or 1-800-387-0735 ext. 271
    Email: pjensen@icao.on.ca
    or
    The Institute of Chartered Accountants of Ontario
    69 Bloor St. East
    Toronto, Ontario M4W 1B3
    Website: www.icao.on.ca