The latest financial news and accounting tips from KWB.
Medical Expenses including Attendant Care
A taxpayer can claim medical expenses paid for themselves as well as for their spouse, common-law partner and dependents. A dependent can include; the taxpayer or their spouse/common law partner’s child […]
Statute Barred Period
In general, CRA can reassess tax returns for individuals, trusts and Canadian Controlled Private Corporations (CCPC’s) within 3 years from the original Notice of Assessment date. After that, the returns […]
If you are moving and are the owner of your own business you should consider deducting the expenses in your company rather than on your personal tax return. If you […]
Child Fitness Tax Credit
The Conservative government has announced some changes to the children’s fitness tax credit which will begin taking effect for the 2014 Income Tax year: 1) For the 2014 income tax […]
2013 Federal Budget
On March 21, 2013 the federal budget was released. Read about the 4 items in the budget that we think are most likely to affect you.