Helping First Nations, Inuit and Metis with Tax Filing
The Canada Revenue Agency is trying to reach out to Canada’s First Nations, Inuit and Metis to encourage them to file their tax forms on time and could use your help to make sure these communities get all the tax benefits they are entitled to. But filing tax returns are not always easy, especially when there is income on and off the reserve.Cottage Planning: How Many Rooms Will Tax Take?
Enjoying the summer cottage is a Canadian tradition. Do you know what your cottage is worth? According to David Christianson, this week’s guest columnist, a valuation this year might be a good idea, as high cottage values could bring succession challenges.
OAS and Non-Residents: File Form T1136 to Continue Benefits
Do you know of a non-resident receiving OAS? To ensure that OAS payments are not interrupted, please let them know that a special return must be filed.
RESPs: Educating Little Ones a Family Priority
Summer time is family time—and a good opportunity to review the funding of education for little ones. In this RESP review, the object is for advisors, parents, and grandparents to consider whether this registered plan is the right one for your new addition.
Family Chats – Medical Expenses Can Be Claimed for Disabled Adult
To everything there is a season. . .and, unfortunately within a circle of life, illness may arise. This event may in fact require an inter-advisory team of financial professionals to help your loved one transition from capacity to incapacity.
The Caregiver’s Return – Tax Deductions And Credits
Imagine this true-to-life situation: A single daughter brings her stricken mother into her home to care for her after she has suffered a stroke.
Canadian Forces Personnel and Police Get Tax Break
Since 2004 certain members of the Canadian forces or a Canadian police force serving on a deployed operational mission that is assessed at a high risk level.
