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.Manitoba Budget Hints at Tax Reform
Manitobans were spared tax increases in the April 11, 2017, budget, but the breadth of change to its complicated and voluminous tax credit structure hints at more tax reforms to come.
Are You Missing Your Medical Expenses?
It pays to hunt down medical expenses and claim them over the best 12-month period ending in the tax year. There are numerous out-of-pocket expenses that qualify, ranging from batteries for hearing aids to driveway alteration costs for disabled family members... and most tax payers miss them.
Tax Help for Charitable Canadians
Giving to charity is a noble thing to do. From a tax viewpoint, it’s also the gift that keeps giving back. However, if you’re claiming charitable donations on this year’s return, you may notice new complexity. Check out our true-to-life scenarios and the tips that follow.
New Couples: Ten Tips on Avoiding the Tax Auditor
As the May 1 personal tax filing deadline approaches, it’s appropriate to be reminded of the tax audit season that follows, especially for new couples. Filing errors in reporting marital status, and especially common-law relationships, could be the first big challenge when faced with a tax review. Advisors can help by discussing a few key tax definitions:
Spotlight on Canadian Financial Authors: Kimberly McLarty
In Canada’s 150th year, Knowledge Bureau is pleased to put the spotlight on Canadian Financial Authors and celebrate Financial Advice at the Crossroads of Change at DAC Nov 5-8 in Kelowna. This week: Kimberly McLarty discusses: Re-Evaluating Business Resources: A Group Insurance Specialist May Be of Help.
Financial Trivia Contest: Win a Free Registration to DAC, Nov. 5-8 in Kelowna
How’s your luck? Try it out and get in on a chance to win a free registration to the Distinguished Advisor Conference (DAC) in the spectacular wine country of BC. Come to Kelowna and think more clearly about this year’s theme: Financial Advice at the Crossroads of Change. Here’s April’s question:
