News

 

Check back here regularly to find out what's changing in the world of

Canadian Income Tax Preparation

 

New Carbon Tax Rebate for Manitoba

 

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RRSP's - Everything you need to know, all in one place!

Are they a good idea?

When do we report them?

How much is too much?                                            

 

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Tuition/Education and Apprentiship Tax Treatment

The Federal Government has changed many of the rules around Educational Tax Credits since 2017. This is something every student and parent should know. 

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Changes to the Canada Pension Plan

Over the past several years, the Canadian Government has made many changes to the Canada Pension Plan. 

Most Recently, in 2019 they introduced the Canada Pension Plan Enhancement.

This Enhancement means that you and your employers will now have to pay an additional 2% into CPP by 2023 and even more in 2025.

 

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Service Animals

Do you have a service animal?

The CRA has recently expanded its definition on what types of service animals are allowed under the Medical Expense Tax Credits. Starting in 2018, they are now allowing animals who support severe menatal impairment.

But what does that actually mean?

 

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In order to ensure our accuracy, and make sure you pay the least amount possible we ask that all clients complete our registration forms. New this year are 3 seperate forms: One for new clients, one for returning clients and one for deceased clients. Additional forms may be required based on your answers and tax situation.

 

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