Fuel Excise Tax on Hold But Inflation is Not
The U.S.-Israel war on Iran has thrown global oil prices into turmoil and there is plenty of fallout for consumers. Travelling to Europe this summer? That’s in jeopardy, as jet fuel may run out. Looking for relief at the pumps instead? The recently announced suspended federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel here in Canada will soften the blow, but only temporarily: it will be zero from April 20 to September 7, 2026. Here’s what you need to know:Claim the Costs of Adopting a Child
If you adopt a child, you may claim a credit for the adoption expenses in the year that the adoption becomes final. This amount may be claimed by either spouse.
Make Claims for Children’s Programs in Year Paid
Claims for the Children’s Arts and Children’s Fitness tax credits are based on when the payment is made, not the year in which the activities are scheduled.
Stump Jacks on Tax
Join Evelyn Jacks on Friday, November 29 for a live online chat with MoneySense. It's your chance to ask Jacks your burning tax questions and have her respond right away. We challenge you to stump her...don't bet on it! Register for free at moneysense.ca/taxchat.
Twenty & Thirty-Somethings: Is Failure to Launch About Confidence?
Toronto, Ontario. Why are highly educated young people unable to land great jobs and move out of the basement? Is it about youth and inexperience or is it about standing out in a lacklustre economy? Catherine Bell thinks it’s about “Presence.”
Shake Out the Cobwebs Before Tax Season
Sharpen and refresh your knowledge in time for the upcoming busy 2014 tax season with the Personal Tax Bootcamp. Enrol by November 30 for best tuition prices.
HOT OFF THE PRESSES!
Just in time for the holidays, Knowledge Bureau is pleased to have our newest books, Financial Fotographs and Empower Your Presence, in stock. Give the gift of financial literacy and true wealth to your clients, family, and friends. Order today!
