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.

2015 Tax Brackets and Personal Amounts Announced

This week CRA announced the indexation factor for 2015 (1.7%) and the resulting federal brackets and rates for 2015.  Tax rates, of course, remain unchanged.

Year End RRSP Review:  Overcontributions?

How many times have you prepared a return for a client who has made an RRSP contribution (either to their own or their spouse’s RRSP) but really should not have?

CRA’s Attempt to Grab $6 million Denied

The British Columbia Supreme Court (BCSC) recently made a ruling that was not only favourable to the taxpayer, but also set a welcome precedent for future taxpayers that enter into transactions with unintended tax consequences.

Kick Start 2015 Financial Plans

When it comes to family tax essentials you need to grasp in building wealth for your future, there is Both good news and bad news in the new Family Tax Cut provisions.

It’s Financial Literacy Month in Canada

In celebration we  urge you to speak to your clients and their family about their Financial Fitness.  To help, Knowledge Bureau has three important resources for you:

Knowledge Bureau Designate Highlight

Grow your business with the MFA-Succession and Estate Specialist™ Designation.
 
 
 
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
    12 votes
    10.91%
  • No
    98 votes
    89.09%