Reassessing Attendant Care Expenses and the Disability Tax Credit
With the personal tax filing deadline behind us, now is the time for a second look—especially when it comes to medical expense claims and eligibility for the Disability Tax Credit (DTC). Many Canadians with disabilities, or those who care for them, may have overlooked or under-claimed important tax benefits during the initial rush to file. Post-tax season is the perfect opportunity to review, adjust, and plan for maximum tax efficiency going forward. One area worth special attention is the intersection of attendant care expenses and the DTC—a combination that, if not claimed carefully, can leave tax savings on the table.Audit Defence: A Business Builder for Business Owners
The tax filing deadline for unincorporated business owners is June 16 and filing late will attract penalties and potential audits.
Voluntary Compliance Can Mitigate Risk
CRA wants to remind you that fessing up can be profitable.
National Steering Committee on Financial Literacy Call for Members
Are you interested in strengthening Canadians’ financial literacy?
Requirement vs. Choice: It’s the Crux in Claiming Commission Sales Expenses
In order to be eligible for a deduction for sales or travel expenses under subsections 8(1)(f) and (h) of the Income Tax Act, taxpayers must show that they worked on a commission-based income.
Evelyn Jacks: Ostriches Aren’t Smart; Tax Penalties Are Expensive
Well it's that time of the year again. . .tax audit season. The ostrich approach is one way to cope, but not the smartest.
Q and A: Setting Up Business in the U.S.
The U.S. has a number of different business structures available when conducting your affairs in the U.S., whether your business is rental property or operating a viable small business.
