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

PRINCIPAL RESIDENCE EXEMPTION

March 26th, 2019

Prior to 2016, taxpayers disposing of a property qualifying as their principal residence did not have to report the sale on their income tax return. However, beginning in the 2016 tax year, all dispositions (or change…

MEDICAL EXPENSE ELIGIBILITY – SERVICE ANIMALS FOR SEVERE MENTAL DISABILITIES AND RELATED EXPENSES

March 22nd, 2019

The list of medical expenses eligible under the Medical Expense Tax Credit changes from year to year and province to province depending on where the taxpayer resides. Beginning in 2018, the Medical Expense Tax Credit has…

EDUCATION COACHING TAX CREDIT

March 21st, 2019

From 2015 to 2017, a non-refundable Education Coaching Tax Credit was available to certain teachers and teaching assistants who provided at least 10 hours of extracurricular coaching activities. This credit has been eliminated for 2018 and…

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 The 2017 federal budget repealed this…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…

Share This