In 2016 the average Canadian family paid nearly twice as much of income in taxes as on housing
If you’re in Ontario, your senior clients who use public transit are eligible for a new tax credit — the seniors’ public transit tax credit. The credit is refundable and equal to 15% of a senior’s eligible public transit costs, and came into effect on July 1, 2017 (i.e., only payments for public transit services […]
What to do when your client sells her home.
Owning property jointly with a family member can mean the attribution rules apply
Take advantage of a suite of benefits
What to do to minimize penalties
For Canadians who live in the north, CRA offers two deductions.
Knowing your client’s tax position makes for meaningful planning
Tips for clients who’ve lost their job
Minimum tax pares back the advantages associated with certain deductions, credits and tax shelters that reduce taxable income.