News Room

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.

NEWS RELEASE: International Tax Non-Compliance the Leading Topic of the G-8 Summit in Ireland

Leaders of the G-8 countries, including Canada’s Stephen Harper, met in Ireland on Monday June 17th to discuss, among other things, “tax havens”.

Disability Awareness: EI Benefits for Disabled People

Advisors should be aware of and discussing income replacement opportunities with their client families if disability has entered into the picture.

RDSP Income

If you have a Registered Disability Saving Plan and are receiving disability assistance payments from the plan, a portion of these payments will be shown in Box 131 of a T4A slip.

How Do I Report My Employee Stock Options?

An employer may provide employees with the opportunity to purchase shares in the employer’s corporation at some future date, but at a price that is the current market price when the option is granted. 

Understanding Synthetic Dispositions – Short Sale of Similar or Identical Property

We continue our Synthetic Dispositions series this week with a look at the short sale of similar or identical property.

The TFSA is Your Ticket to Tax Freedom

Make sure you contribute $5,000 for each resident adult in the family every year.
 
 
 
Knowledge Bureau Poll Question

Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?

  • Yes
    13 votes
    10.08%
  • No
    116 votes
    89.92%