News Room

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:

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. 

Who is Eligible for the Old Age Security Pension?

According to Services Canada, this depends on your age and your years of residence in Canada.
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    24 votes
    20.17%
  • No
    95 votes
    79.83%