Tax credit

Industry

What’s new or changed for 2017 tax-filing season

For 2017 tax filing, here are changes you can share with clients, courtesy of the CRA

By Staff |January 24, 2018

2 min read

Industry

Improve financial literacy, tax credits: finance committee

Ahead of Budget 2018, the House of Commons finance committee conducted consultations to hear suggestions to improve productivity and competitiveness. Suggestions are summarized in a report, which lists 92 recommendations. Here are highlights: Read: What young clients don’t understand Read: Credit unions fight back at banks’ exclusive use of industry terms Read: Feds name new […]

By Staff |December 18, 2017

2 min read

Estate Planning

Asking clients these 10 questions can help reduce tax

Don't forget to discuss these year-end tax saving strategies with clients

By Staff |December 12, 2017

3 min read

Tax News

Finding the right donation strategy for every client

Tips for maximizing generosity

By Jessica Bruno |November 24, 2017

10 min read

Defining a family unit for the principal residence exemption

A reader wrote to ask about this principal residence exemption-related income tax folio, which states: 2.13 For a property to be a taxpayer’s principal residence for a particular year, he or she must designate it as such for the year and no other property may have been so designated by the taxpayer for the year. […]

By Staff |September 20, 2017

2 min read

Full CRA roundtable answers available from STEP

The annual CRA roundtable at the Society of Trust and Estate Society Practitioners (STEP) National Conference allows attendees to hear directly from agency representatives about tax policy and administration. This year’s roundtable, held June 13, revealed that CRA had collected $75 million to date as a result of TFSA audits. The roundtable also covered dual […]

By Staff |September 5, 2017

1 min read

Public transit tax credit now in effect for Ontario seniors

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 […]

By Staff |July 4, 2017

1 min read

Tax credit

What’s new or changed for 2017 tax-filing season

Improve financial literacy, tax credits: finance committee

Asking clients these 10 questions can help reduce tax

Finding the right donation strategy for every client

Tax support for clients with disabilities

Defining a family unit for the principal residence exemption

Full CRA roundtable answers available from STEP

Public transit tax credit now in effect for Ontario seniors

Tax tips for parents

This year’s tax filing guide