Claiming Medical Expenses: Free Healthcare?
Free Health Care? Did you know that Canadians spend on average more than $1,000 on medical expenses each year? It’s estimated that government programs, via our taxes, cover about 72% of medical expenses, which means that we pay for the rest. Your clients may be over-paying on their taxes because they don’t know about medical expense deductions.July Poll Results: It’s (Almost) Unanimous!
In July, we asked you to vote on the following question: Does CRA do enough to ensure Canadians understand income tax and GST/HST implications of flipping personal residences? (For example, taxable dispositions require repayment of new housing rebates.)
Something New for Teachers: A School Supplies Tax Credit
We may be in the dog days of summer, but before you know it teachers will be planning for the fall of 2017, and in the process may be spending their own money to buy new school supplies.
Marriage Breakdown? Who Claims the Tax Credits?
The Canada Child Benefit (CCB) and Goods and Services/Harmonized Sales Tax Credit (GSTC) are both calculated based on net family income from the prior tax year.
Life Purpose
"Move fast and break things. Unless you are breaking stuff, you are not moving fast enough." —Mark Zuckerberg
Hurry, Summer will soon be over — and so will the savings!
There has never been a better time to register for your summertime learning! Register before September 15 to save on tuition.
Win your way to DAC 2017!
It’s been a couple of months since we last ran our trivia contest for a chance to win attendance at the upcoming Distinguished Advisor Conference in Kelowna on November 5-8. So here is the question for August:
