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.Retirement Planning: Four Tax-Efficient Income Options
Have you explored all of the tax-efficient income options available to generate consistent income that will provide for your retirement needs and wants? If you’re a Boomer challenged to find tax-efficient options, discuss these four alternative sources with your tax advisor today.
Home Accessibility Expenses: Claim Guidelines and Double-Dipping
The process of claiming home accessibility and medical expenses can be complex for eligible parties. When do home accessibility and medical expenses need to be claimed? How do you do it? How do you know which credits you’re eligible for? Here are some key guidelines.
Before You Leave Tax Season: Check out the New CPP Costs for 2019
If you’re a pre-retiree, don’t put your tax affairs to bed yet—especially if you plan to apply for CPP benefits in the near future! Starting January 1, 2019, there will be many changes to the rules. Here’s what you need to know.
Canada’s Competitiveness: Managing Cross-Border Taxation
Canada’s workplace is changing and not just on our vast, thawing land. Home-based workers are able to earn their living around the globe, and despite uncertainty, the benefits offered by recent U.S. tax reforms are attractive to Canadian businesses and professionals seeking more competitive environments. For these reasons, May 15 is an important date.
Leadership Discussion: What’s Your Stance on Legalized Workplace Cannabis Use?
Cannabis is already on the mind of tax and financial advisors due to its inclusion in Budget 2018 and its pending legalization and accompanying taxation. But that isn’t all you should be thinking about, as it triggers an essential and controversial leadership discussion – what’s tolerable in the workplace?
Travel for Medical Care? Claim Your Deductions
Do you have clients who travelled to another city for medical care in 2017, but failed to keep receipts? It pays to do a little research to maximize their claims. In fact, they don’t need to miss out on the medical expense savings, if you use the simplified method to file. Here are the rules:
