From The Blog
Medical Expenses Deduction
You can claim a tax credit for eligible medical expenses paid for yourself, your spouse/common-law partner, or your dependent children if they were under 18 years of age at the end of the tax year.
All Dispositions of Principal Residences Must be Reported
On October 3, 2016, the Federal Government proposed changes to the Income Tax Act (the "Act") and administrative policies that will impact claiming the principal residence exemption. Prior to the proposed change, the CRA did not require taxpayers to report the sale of...
Tax Free Savings Accounts (TFSA)
The Basics The tax-free savings account (TFSA) was introduced back in 2009 and designed to be a very straightforward savings vehicle. You contribute after-tax dollars to the account and invest them in pretty much anything, with any growth inside the account being tax...