Revised folios provide tax guidance for clients who are parents, students or parents of students
Make sure to discuss tax-loss selling, tax-gain donating and RRSP strategies with clients to whom these strategies apply
The case of a Canadian student studying in the U.S. brings to light what happens when CRA officials follow a strict and literal interpretation of the law
Canadians contribute an average $430 per month to care for aging or ill family members
Even if a student has spent 30 or more hours a week engaged in studying, that’s not enough to categorize the student as being full-time
Budget 2017 puts the public transit tax credit, the deduction on employee home-relocation loans and others on the chopping block
Debbie Pearl-Weinberg, executive director, Tax & Estate Planning, CIBC Wealth Strategies Group, reports on five boutique tax credits eliminated in the 2017 federal budget.
Given the proliferation of “boutique” tax credits, it’s clear that all of us could benefit from a simpler tax system
While the Harper government was a strong proponent of tax credits, many experts suggest that these credits cost Canada more than they are worth because of compliance costs and inefficiency
Could the potential elimination of boutique tax credits lead to a lowering of the general income tax rate for all Canadians?