Tax Tips for 2016 Tax Year

Managing CRA Online Mail

May 1st, 2017

CRA Email

For registered users of CRA My Account, you can now register for online mail.  Once registered, the CRA will no longer mail your notices to you, instead, you will receive an email notification that there is…

First Time Donor Super Credit

April 28th, 2017

Donor Super Credit

The first time donor’s super credit allows for an additional 25% donation tax credit, on top of the traditional federal rates. The maximum donation that qualifies for the super credit is $1,000.  Donations of more than…

Tax Free Savings Account (“TFSA”): Quick Facts

April 28th, 2017

Tax Free Savings Account

Each Canadian resident individual over the age of 17 can have a TFSA. The annual TFSA contribution limit for 2016 was reduced to $5,500. An individual who has never made a TFSA contribution, will have a…

Disability Tax Credit

April 27th, 2017

Disability Tax Credit

The disability tax credit is a non-refundable tax credit designed to help persons with disabilities or their supporting persons. The credit can be claimed by the person with the disability, by the spouse of the person…

First Time Home Buyer Credit

April 25th, 2017

first time home buyers

If you are a first time home buyer, a non-refundable tax credit of $750 can be claimed for the purchase of a qualifying home. Most single-family homes, townhomes, condos, and apartments would meet the conditions of…