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 […]

The Mysticism of Income Tax Refunds

The Mysticism of Income Tax Refunds   Every taxpayer hopes for a tax refund. We explain to our clients that an income tax refund most often,  is simply a return of your own money. For employees, your employer is obligated to remit income tax to CRA from each and every paycheque. Employers must follow payroll tables […]

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 […]