News & Events
Keeping you up to date on matters of note, industry events, news and company updates.

HOME RELOCATION LOAN DEDUCTION

March 20th, 2019

The home-relocation loan deduction provided a deduction to employees required to relocate to another part of the country for work, equal to the deemed interest benefit on certain low-interest loans. The 2017 federal budget repealed this…

FIRST-TIME DONOR’S SUPER CREDIT

March 19th, 2019

The First-Time Donor’s Super Credit (“FDSC”), which provided an extra 25% credit to donors who had not claimed a charitable donation tax credit since 2007, expired at the end of 2017. Taxpayers can continue to take…

CHILDREN’S ART AND FITNESS TAX CREDITS

March 15th, 2019

The B.C. child arts credit and child fitness credit have been eliminated for 2018. The related federal child arts credit and child fitness credit were eliminated in 2017. No arts and fitness credits are available for…

B.C. EDUCATION TAX CREDIT

March 14th, 2019

The B.C. education tax credit has been eliminated as of 2019 however, it remains available to taxpayers for the 2018 taxation year. Unused education credit amounts carried forward from years prior to 2019 will remain available…

B.C. CAREGIVER CREDIT

March 13th, 2019

The B.C. caregiver tax credit is a new non-refundable tax credit which consolidates the B.C. in-home care of relative tax credit, and the B.C. credit for infirm dependents age 18 or older. The B.C. caregiver credit…