Personal

It Pays To Keep Your Kids Healthy!

Notice to Reader:  According to the CRA  and Budget 2016, the Children’s Fitness Tax Credit, also known as children’s fitness and arts tax credits – mentioned in this post has been phased out....[...]




Employment Expenses

You think it’s a valid employment expense. The government may disagree Nearly every Canadian incurs costs at work. Even though you consider them employment expenses, there are specific circumstances...[...]


Old Age Security Pension (OAS)

Until April 1, 2023, the Canadian Old Age Security Pension is available to Canadian citizens age 65 or older, who have lived in Canada for at least 10 years...[...]


OAS Clawback

High income seniors must pay back all or a portion of their OAS if their annual income exceeds a certain amount. If 2012 net income before adjustments is greater...[...]




Tax-Free Motor Vehicle Allowances

Income tax act s. 6(1)(b)(vii.1), Income Tax Regulations s. 7306 The Income Tax Act sets out the following amounts that may be paid tax-free to employees or officers as...[...]


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