Tax credit

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

Tax News

Tax support for clients with disabilities

These credits can help ease financial stress

By Doug Carroll |September 22, 2017

5 min read

Tax News

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

Federal budget: What’s in and what’s out

Here are selected highlights of what’s in and what’s out now that the federal budget has been tabled. What’s in (Explanations of tax credits are courtesy of EY’s report on the budget.) What’s out Spending for families, students and workers Overall, the budget is light on spending and long on vision. Note that most of […]

4 min read

Tax credit

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

Federal budget: What’s in and what’s out

Study reveals hidden tax in B.C.