The budget provides a generous tax incentive for first-time donors but is otherwise focused on closing loopholes and combatting international tax avoidance.
British Columbia is the fourth province in the past three years to introduce a new tax rate on higher-income earners.
In some cases, home renovation expenses may qualify for new provincial credits as well as medical expense claims.
A recent Tax Court of Canada decision suggests that medical travel can involve more than just the transportation of the patient.
If you are planning to claim the public transit pass amount, make sure you buy passes and not tickets.
The principal residence exemption provides a generous tax break. However, there are some rules you need to be aware of.
The government is increasing the age limit for receiving Old Age Security benefits and making some technical tax changes which may be of interest.
Recent tax changes make it more advantageous than ever to open a Registered Disability Savings Pan if you or a family member is disabled.
A recent Tax Court of Canada decision suggests that you do not necessarily have to change your job location in order to claim moving expenses.
The CRA may now grant a waiver of interest for any taxation year ending in the ten-year period before the taxpayer’s application.