Tax Tip: The More Obscure Medical Expenses

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

Leaders of the G-8 countries, including Canada’s Stephen Harper, met in Ireland on Monday June 17th to discuss, among other things, “tax havens”.

Advisors should be aware of and discussing income replacement opportunities with their client families if disability has entered into the picture.

If you have a Registered Disability Saving Plan and are receiving disability assistance payments from the plan, a portion of these payments will be shown in Box 131 of a T4A slip.

An employer may provide employees with the opportunity to purchase shares in the employer’s corporation at some future date, but at a price that is the current market price when the option is granted. 

We continue our Synthetic Dispositions series this week with a look at the short sale of similar or identical property.

Make sure you contribute $5,000 for each resident adult in the family every year.