Tax Tip: The More Obscure Medical Expenses

Are you claiming all the medical expenses you or your clients might be entitled to? 

Canadians are increasingly transacting online and tracking the path the money takes – into and out of various accounts – and credit arrangements can be complicated, frustrating at times, and difficult to track.

Lori Campbell earned her MFA-Succession and Estate Planning Specialist designation in 2012 and has been a frequent delegate of the Distinguished Advisor Conference over the last seven years. We are pleased to have Lori as one of our distinguished grads.

The donation credit is non-refundable and reduces taxes payable. For those who have donated in the past, the credit can be close to 50 cents on the dollar, depending on how much you give. First-time donors can get an extra 25% credit for cash donations up to $1,000.

Taxpayers who receive Employment Insurance or Old Age Security benefits in 2014 may be required to repay all or part of those benefits, depending on their income level. However, there are ways to reduce or eliminate those repayments.

Advise affluent families seeking tax-efficient investment planning. Enrol today in Tax Strategies for Financial Advisors and save $50. Earn 30 FPSC-approved CE credits.

Join us at the one-day Audit Defence Bootcamp to better understand your new obligations to CRA and regulators in real time and excel as an educator an advocate for clients undergoing life changes. Register before May 15 to get early-bird pricing and guarantee your seat at this popular event.