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 […]

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 […]

CRA is Reviewing Your Tax Return, Now What?

The Canada Revenue Agency (CRA) is Reviewing Your Tax Return, Now What?   You filed your tax return and are relieved that the initial pain is over. Now, months later you have received a letter, that you can barely decipher, asking for supporting documentation. Now what? Firstly, keep calm. CRA inquires about the returns of over […]

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. […]

CRA Services You Might Not Know About

CRA Services You Might Not Know About     File My Return Telephone Service Effective February 2018 Canada Revenue Agency is introducing the new ‘File My Return Telephone Service’. Eligible individuals with low income or a fixed income that is unchanged year-to-year can file their tax returns by answering a series of short questions and […]

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 […]