Since July 15, the "Authorize a Representative" service in EFILE, accessed through tax software, will no longer be available. Tax professionals must now use the Represent a Client (RAC) portal to request online access to a client’s account.
Many people have taken advantage of the real estate market drop in the U.S. and have purchased U.S. real estate for personal use or as a rental property, but many do so not realizing what owning this kind of property means from a tax perspective.
Child care expenses are claimable on form T778 by Canadian residents for services provided by any of the following in Canada (although deemed residents may qualify as well).
If you are disabled and incur expenses of an attendant or other disability supports purchased to enable you to earn employment or self-employment income or to pursue education, then you can claim the costs of disability supports on Line 215 so long as the expenses were not reimbursed.
With the April 30 tax deadline quickly approaching, make sure that you file the most accurate and best returns for your family unit. Get Jacks on Tax at the Knowledge Bureau bookstore and popular bookstores across Canada.
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?