Worker Compensation – Replacement Payouts
Are you aware of how Workers Compensation and your employment contracts interact?
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Disability Tax Credit Clarifications
In an April 3, 2019 Tax Court of Canada case, at issue was whether the impact of an individual’s mental impairment entitled her to the disability tax credit (DTC). There are three main criteria taxpayers must meet to qualify, do you know them?
Sharing Economy – New Changes
Share Economy - What is it, who it affects, and what can you do about it if you drive for Uber or rent for Airbnb
Zero Emission Vehicle Incentives
Transport Canada released details on the purchase incentive of up to $5,000 for zero-emission vehicles as originally proposed in the 2019 Budget. Do you meet the criteria?
Work Clothes – Taxable or Non-taxable?
CRA was asked whether clothing reimbursements paid to non-uniformed maintenance employees were taxable. Their response may surprise you.
Special Work Site Allowances
CRA recently discussed the criteria for tax-exempt allowances for board and lodging received for periods an employee was working at a special work site. Does this affect you?
Shared Custody of a Child: The “Equal or Near Equal” Issue
Certain tax benefits, such as the Canada child benefit, the GST/HST rebate, and the recently implemented federal carbon tax incentive (where applicable) are normally paid entirely to the parent with whom the child primarily resides. Where the child resides with the parents on an equal or near equal basis, each parent is entitled to half of the credits/benefits which would be available if the child resided primarily with them. Do you know what your entitlement is?
GST/HST New Housing Rebate: Meeting the Conditions
In a December 18, 2018 Tax Court of Canada case, the Court considered whether the new housing rebate was available where the taxpayer sold a newly developed property shortly after taking possession. Do you qualify for the rebate?
Old Age Security Deferral: Opting Out Retroactively
As of July 1, 2013, where receipt of OAS is delayed, the monthly pension is increased by a factor of 0.6% for each month deferred, to a maximum of 36% (60 months, commencing receipt at age 70). This option may be especially desirable for those whose OAS would be entirely clawed back due to high income.
Sauna and Hydrotherapy Pool: Medical Expense Tax Credit
In a December 4, 2018 Technical Interpretation, CRA was asked whether the costs of installing a steam shower (sauna) and hydrotherapy pool could be eligible for the medical expense tax credit (METC). What do you think the answer was?