The Gateway:  Maximizing the Impact of the Disability Tax Credit

In addition to reducing income tax through a non-refundable credit, the Disability Tax Credit (DTC) serves as a gateway to a wide range of additional tax benefits and government programs. Eligibility for the DTC can unlock enhanced credits, financial supplements, and long-term savings opportunities that go well beyond the tax return. Understanding how the DTC connects to these broader supports is essential for maximizing financial stability—both for individuals living with disabilities and the family members who support them.  Unfortunately, many taxpayers miss this credit and their tax and financial advisors can certainly help when this happens.

The Finance Department has offered a terse but prompt response to a request with a very short deadline from the Parliamentary Budget Officer (PBO) for additional information to justify figures in the March 22, 2016, federal budget.

April 30 falls on a Saturday this year, so midnight May 2 is the deadline for filing the T1 General Tax and Benefits Return.

Couples feuding? If it ends in separation or divorce, there are tax strategies you can use that are critical in minimizing the financial damage that can occur in these cases. Here are seven tips for separating in a tax-efficient way.

The financial services industry has never been under more pressure to improve on its professionalism. At the same time, more services are being disrupted by new technologies and providers.

When did your business go from being a sideline or hobby to a viable going concern? It’s important to be able to pinpoint the date if you want to stay out of CRA’s cross-hairs.

Experts and visionaries from all sides of the financial services are now preparing their ground-breaking research for presentations at the Distinguished Advisor Conference, November 6 to 9 in San Diego.