June 30 Tax Deadline is Looming for Non-Residents
An important deadline is approaching for non-residents with certain Canadian-source income. June 30 is the deadline to file elected returns under Section 216 (pertaining to rental income) and Section 217 (pertaining to Canadian source pension income). There may be significant consequences for missing this deadline as returns received after this date, generally aren’t accepted. Here’s what you need to know:Major Banks to Assist Financially Vulnerable Canadians
Delivering on a promise made in the Economic Action Plan 2014, Finance Minister Joe Oliver announced that the Government of Canada secured voluntary commitments from the country’s eight largest banks to provide low-cost or no-cost bank accounts to low income Canadians by January 15, 2015.
Tax Court Provides Clarity on Harsh Provision
Judges are forced to apply the law as it reads, but fortunately for taxpayers there is sometimes room for interpretation.
Evelyn Jacks: Warm Holiday Counts as Reasonable Medical Expenses?
Should taxpayers be able to deduct travel expenses to warmer climates as medical expense tax credits (METCs) to alleviate pain and suffering?
How much can I claim for the Children’s Arts Amount?
Your refund can grow by up to $75 with this federal tax credit.
Medical Claims in the Year of Death
A special rule applies to claiming medical expenses when a taxpayer dies.
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