Disability Tax Credit

Disability Tax Credit

Often, we or someone we care about may have been born with or develop an impairment. This impairment can be physical or mental, resulting in the person requiring extra care. With extra care, comes an extra financial burden. As a result, there is a need for financial...
Are There Inheritance & Estate Taxes in Canada?

Are There Inheritance & Estate Taxes in Canada?

Clients regularly ask, are there Inheritance & Estate taxes in Canada? The good news is there is no inheritance tax in Canada on money or property you inherit. As a result, you do not report receiving it on your personal tax return. Why may you ask? It is the...
Cryptocurrency

Cryptocurrency

This taxation year was the first time we saw a lot of cryptocurrency (crypto) transactions, so we thought it might be interesting to share some tax information about it. So, What is Crypto? Crypto is a digital currency designed to be used over the internet. The...
Canada Training Tax Credit

Canada Training Tax Credit

Did you pay tuition at an eligible educational institution? Then you may be able to claim the Canada Training Tax Credit (CTC) on your tax return. This refundable credit was created to help with training costs & is available to those with eligible tuition &...
March 2022

March 2022

It’s March 2022 & time to get your taxes in! The federal government is late with CPP & OAS slips this year. Don’t worry, they are coming & are being sent out the week of March 14, 2021. Even if you don’t have them, we have online...