Did You Know You Can Claim Expenses For Your Support Animal?

Did you know that CRA has made changes to the medical expense tax credit to allow taxpayers to claim certain expenses for a support animal   For taxpayers who require specialized training for an animal, to help them cope with an impairment, the expense can be claimed as a medical expense. Currently, the following impairments […]

2019 TAX FILING DEADLINE AND WHAT YOU NEED TO KNOW

Posted by Enoch Omololu | Updated on Apr 24, 2019  The 2019 tax filing season will soon be here and if last years timeline is anything to go by, it will kick off around the third week of February 2019. The tax-filing deadline for most Canadians (for the 2018 tax year) is on April 30, 2019. For those […]

Overcontributing To Your RRSP Can Be An Expensive Mistake

Overcontributing To Your RRSP Can Be An Expensive Mistake     An RRSP is one of the best investment tools that many Canadians use to save for their retirement. Saving  for your retirement also allows for a deduction on your tax return that provides you with tax savings. There are strict rules surrounding the RRSP contribution […]

Did Your B.C. Property Just Get a Whole Lot More Expensive?

Did Your B.C. Property Just Get a Whole Lot More Expensive?     Many Alberta residents own B.C. property, dreaming of the day when they can retire to nicer weather and a more relaxed environment. Some spend summers in B.C. with friends and family. Well the cost to do so may become much more expensive. […]

Don’t Leave Thousands of TAX Dollars on the Table in Your Divorce

Don’t Leave Thousands of TAX Dollars on the Table in Your Divorce     It’s critical to negotiate tax return issues in your agreement! At such an overwhelming time in our life, we could certainly use compassion and sensitivity but Canada Revenue Agency has become hyper focused on ensuring divorcing taxpayers are following the rules […]