The Home Accessibility Tax Credit

The Home Accessibility Tax Credit

Living in our own homes as we age improves our quality of life. By doing so, we maintain our sense of well-being, independence & self-worth. However, to do so it is often necessary to undertake costly renovations to maintain our health & safety. Recognizing...
Meals & Entertainment Tax Deduction

Meals & Entertainment Tax Deduction

As a business owner or sole proprietor, you can claim food, beverage & entertainment expenses. The catch? These expenses have to be incurred for earning income. If your expenses qualify, then you can take advantage of the Meals & Entertainment Tax Deduction....
Tuition Tax Credit

Tuition Tax Credit

The cost of a post-secondary education is constantly increasing & one of the biggest expenses students face is their tuition fees. To reduce taxes, students attending post-secondary institutions can claim the Tuition Tax Credit. This non-refundable tax credit...
Common Audit Triggers

Common Audit Triggers

The Canada Revenue Agency (CRA) typically sends out about 30,000 letters a year letting Canadians know they are being audited. While that is only 0.1% of the tax paying population, you may be wondering what to do if it happens to you. CRA audits are seldom random....
Is it Really the Canada Revenue Agency Contacting You?

Is it Really the Canada Revenue Agency Contacting You?

One of the most common problems we face in our connected world today is scammers. They are constantly invading our privacy by pretending to be legitimate agencies. As a result, we are either scammed out of something or are refusing to engage with real agencies such as...
HASCAP

HASCAP

UPDATE: As of December 14, 2021, the deadline for the application has been extended to March 31, 2022. In early 2021, the federal government announced the Highly Affected Sectors Credit Availability Program (HASCAP). They created HASCAP to provide guaranteed,...