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

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…

Employment Expenses

April 21st, 2017

employment expenses

Expenses that are paid to earn employment income may be deductible.  This is allowable only if your employment contract requires that you pay the expense, and if your employer does not provide an allowance for the…

Children’s Art and Fitness Tax Credit

April 19th, 2017

Fitness tax credit

For 2016, the maximum eligible fees for the children’s art amount is reduced from $500 to $250 and the children’s fitness amount is reduced from $1,000 to $500. Both credits will be eliminated in 2017. Save

Tax Rates and Charitable Donations

April 18th, 2017

charitable donations

Effective 2016, a new federal personal income tax bracket and rate were introduced.  Taxable income in excess of $200,000 is subject to a federal income tax rate of 33%. In connection with this new federal income…

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