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October 2024 Poll
October was small business month! Do you think more Canadians today are interested in starting their own businesses?
Claiming Debt Forgiveness
Previously undeducted resource allowances carried forward may have to be reduced under the debt forgiveness rules.
Own U.S. Real Property? Know What is Required for Tax Purposes
Many people have taken advantage of the real estate market drop in the U.S. and have purchased U.S. real estate for personal use or as a rental property, but many do so not realizing what owning this kind of property means from a tax perspective.
Who Are Eligible Child Care Providers?
Child care expenses are claimable on form T778 by Canadian residents for services provided by any of the following in Canada (although deemed residents may qualify as well).
Deducting Disability Support
If you are disabled and incur expenses of an attendant or other disability supports purchased to enable you to earn employment or self-employment income or to pursue education, then you can claim the costs of disability supports on Line 215 so long as the expenses were not reimbursed.
Evelyn Jacks: Claiming Moving Expenses
It’s crunch time when it comes to tax filing. Most taxpayers will have received all their T slips – T4s, T3s, T5s, etc. and now it’s time to actually get it done.
