Tax credit – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 16 Jun 2023 19:19:29 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Tax credit – Advisor's Edge https://phoenix.advisor.ca 32 32 Liberals reject key Senate amendment to disability benefit bill https://phoenix.advisor.ca/tax/tax-news/liberals-reject-key-senate-amendment-to-disability-benefit-bill/ Fri, 16 Jun 2023 19:19:29 +0000 https://www.advisor.ca/?p=226862 Senate opponents say they will support Bill C-22 even without the amendment

The post Liberals reject key Senate amendment to disability benefit bill appeared first on Advisor's Edge.

]]> CRA launches new digital form for DTC applications https://phoenix.advisor.ca/news/industry-news/cra-launches-new-digital-form-for-dtc-applications/ Wed, 14 Jun 2023 21:00:40 +0000 https://www.advisor.ca/?p=226743 Digital disability tax credit application is intended to simplify the process

The post CRA launches new digital form for DTC applications appeared first on Advisor's Edge.

]]> Grocery rebate bill receives royal assent https://phoenix.advisor.ca/tax/tax-news/grocery-rebate-bill-receives-royal-assent/ Thu, 11 May 2023 20:58:15 +0000 https://www.advisor.ca/?p=225450 The CRA will deliver the one-time GST credit boost to Canadians in July

The post Grocery rebate bill receives royal assent appeared first on Advisor's Edge.

]]> Disability tax credit applications at “standstill” during CRA strike, advisors say https://phoenix.advisor.ca/tax/tax-news/disability-tax-credit-applications-at-standstill-during-cra-strike-advisors-say/ Mon, 01 May 2023 17:00:34 +0000 https://www.advisor.ca/?p=224969 The DTC is a valuable credit for Canadians with disabilities and the key to other support programs

The post Disability tax credit applications at “standstill” during CRA strike, advisors say appeared first on Advisor's Edge.

]]> Petition calls for tax deadline extension amid federal worker strike https://phoenix.advisor.ca/tax/tax-news/petition-calls-for-tax-deadline-extension-amid-federal-worker-strike/ Tue, 25 Apr 2023 19:44:26 +0000 https://www.advisor.ca/?p=224733 The CRA says tax returns filed digitally will largely be processed automatically ``without delay"

The post Petition calls for tax deadline extension amid federal worker strike appeared first on Advisor's Edge.

]]> Taxpayers with complex issues face biggest headaches during CRA strike https://phoenix.advisor.ca/tax/tax-news/taxpayers-with-complex-issues-face-biggest-headaches-during-cra-strike/ Thu, 20 Apr 2023 20:53:24 +0000 https://www.advisor.ca/?p=224477 The agency said all paper returns “will be stockpiled for future processing"

The post Taxpayers with complex issues face biggest headaches during CRA strike appeared first on Advisor's Edge.

]]> Golombek’s 2023 budget highlights https://phoenix.advisor.ca/tax/tax-news/golombeks-2023-budget-highlights/ Wed, 29 Mar 2023 13:30:50 +0000 https://www.advisor.ca/?p=223635 What clients need to know about the AMT, RESPs, intergenerational transfers and more

The post Golombek’s 2023 budget highlights appeared first on Advisor's Edge.

]]> Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive https://phoenix.advisor.ca/tax/tax-news/feds-outline-83b-in-clean-economy-tax-credits-in-bid-to-compete-with-u-s-incentive/ Tue, 28 Mar 2023 21:37:05 +0000 https://www.advisor.ca/?p=223612 The credits are for investments in clean electricity, clean-tech manufacturing and hydrogen

The post Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive appeared first on Advisor's Edge.

]]> Canadian industry singing praises of Inflation Reduction Act as federal budget nears https://phoenix.advisor.ca/tax/tax-news/canadian-industry-singing-praises-of-inflation-reduction-act-as-federal-budget-nears/ Mon, 13 Mar 2023 18:41:29 +0000 https://www.advisor.ca/?p=222791 The legislation offers about $375 billion in tax credits to help the U.S. clean energy industry

The post Canadian industry singing praises of Inflation Reduction Act as federal budget nears appeared first on Advisor's Edge.

]]> FP Canada lobbying feds for financial planning tax credit https://phoenix.advisor.ca/tax/tax-news/fp-canada-lobbying-feds-for-financial-planning-tax-credit/ Tue, 31 Jan 2023 16:35:18 +0000 https://www.advisor.ca/?p=221319 The organization wants to improve lower-income earners' access to planning

The post FP Canada lobbying feds for financial planning tax credit appeared first on Advisor's Edge.

]]>