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.Manitoba Tables Deficit Budget
The 2015 Manitoba provincial budget was delivered on April 30, 2015.
Newfoundland Joins the “Tax the Rich” Movement
The 2015 Newfoundland and Labrador provincial budget was presented on April 30, 2015.
Readiness Planning for Physician Assisted Suicide
Since the last time the Supreme Court of Canada (SCC) visited the issue in Rodriguez (1993), doctor-assisted suicide has been legalized in eight other countries around the world.
Lucrative Tax Claims: Medical Travel and Home Modification Costs
Tax season is officially over for most individuals, and that signals the start of tax audit season.
New RRIF Planning Opportunities
The recent April 21 Federal Budget introduced relaxed rules for mandatory withdrawals from a RRIF, effective in the 2015 and subsequent tax years.
Top 10 Retirement Planning Questions
What’s a detailed, tax-efficient retirement income projection worth to your clients? A lot of peace of mind, especially if they are interested in continuing to build their net worth in retirement and beyond, while reducing their frustration with high taxes on private pension income.
