New Tax Changes for Caregivers: Alberta Budget

Alberta Finance Minister Nater Horner delivered his second consecutive deficit budget on February 26. The deficit is large at $9.4 billion, which the government attributes largely to declining oil revenues. The document is called Fiscal Plan 2026-2029 meaning that this is a three-year fiscal pan, rather than the typical one-year projection.

Try our trivia question and get in on a chance to win a free registration to the Distinguished Advisor Conference (DAC) in the spectacular wine country of BC. Meet Canada’s top advisors and reflect with them on this year’s theme, Canada 150: Financial Advice at the Crossroads of Change.

Michelle Smith, achieving success with the DFA - Bookkeeping Services Specialist™ designation

“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”  Thomas A. Edison

Post-tax season blues? Not sure if you claimed all the deductions and credits you were entitled to? You’re probably not alone. Many people miss lucrative provisions when filing, but you can request an adjustment to your filed return. One of the most frequently missed deductions for families is the child care expense claim.

Since February, the provincial governments across the country have been releasing their 2017 budgets. Most recently in the last week of April, Ontario, Nova Scotia and the Yukon released theirs. Over the next three Knowledge Bureau Reports, we will be presenting a brief summary of each provinces’ tax provisions, starting with the most recent:

Congratulations to our April Financial Trivia winner: Glen Pangle, who correctly answered this question in April: When was the first record of taxation in Canada? Read on for the answer and a new opportunity to answer this month’s financial trivia question. You too could enter to win a free registration to the Distinguished Advisor Conference (DAC) in the spectacular wine country of BC.