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.Jacks on Tax Available December 15
Get the facts on filing 2013 tax returns in this easy-to-read guide to filing individual and family tax returns. Perfect for new tax preparers and those who want a handy guide to the details behind the lines as they electronically prepare and file returns. Pre-order your copy of the best-selling Jacks on Tax: 2014 Edition today!
Confidently Prepare Books for Your Small Business Clients
Set up a proper double entry bookkeeping system for a small business, analyze and report transactions within the accounting cycle to the business owner, and prepare financial statements ready for tax preparation and review by the accountant. Enrol in Basic Bookkeeping for Small Businesses by December 11 and save $200 on tax deductible tuition fees.
How Much “Real Money” Do You Have?
Cash flow and income are two different things; but it may be all the same to your clients — how much do I have to spend each month? Help your clients understand their after-tax cash flow with our Cash Flow Calculator — Try a free demo today!
2014 Income Tax Estimator Now Available
December is just around the corner and it’s high time to finalize the estimation of 2013 taxes payable income in order to determine the correct amount of the final tax instalments (December 15 for all taxpayers except farmers, who must submit one instalment on December 31).
Ontario Gives Relief to Small Businesses
The Supporting Small Businesses Act recently passed a second reading in the Ontario Legislature. Also known as Bill 105, the object of the legislation is to provide relief from the Employer Health Tax to small businesses, charities and not-for-profit entities.
CRA: Changed SR&ED Claim Form Requires Fee Disclosure
On October 31, the Canada Revenue Agency (CRA) announced changes to the Scientific Research and Experimental Development (SR&ED) claim form, which incorporates changes announced in the 2012 and 2013 budgets.
