Personal Tax Returns

Commute to Work?

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If considering the acceptance of employment that requires significant commuting, consider that the commuting costs likely will not be deductible.

Loans from Family Corporations

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Advice should be sought if you currently have, or are considering, personal loans to a shareholder of a corporation, or a family member.

Flipping Houses – How it could affect your taxes.

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If moving out of a property that was occupied for a short period, ensure you maintain documents and proof that you had intended to establish residential roots and live there. Don't get caught with a hefty tax bill; reach out to us today.

Taxable Benefits

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Benefits not previously taxed may need to be reviewed in the upcoming year to determine if they are now taxable. Do you fall victim?

Disability Tax Credit Clarifications

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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

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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

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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?

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.