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US flag, blue graduation cap and diploma on old books

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

laughing family, senior parents and their adult son

Canadians contribute an average $430 per month to care for aging or ill family members

Contributing to post-secondary tuition builds confidence: poll

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

Industry offers mixed reviews of this year’s federal budget

Budget 2017 puts the public transit tax credit, the deduction on employee home-relocation loans and others on the chopping block

Budget 2017: Five boutique tax credits eliminated

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?

Finance Dept. reports do not include future cost projections on a wide suite of tax benefits

The deadline for the first-time donor’s super credit is Dec. 31