It’s that time of the year again: summer is over and your kids have gone back to school or daycare—expenses are adding up! Luckily, there are a few things you can do now to potentially get money back when you file your tax return. Claim your childcare expenses If you pay for childcare so that…

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How will I know my benefits are being reviewed? You’ll get a letter and questionnaire from us. This letter will ask you to provide information so we can check to make sure the benefits or credits you’re receiving are correct. Now what? If you receive a letter telling you that your benefits are being reviewed, don’t…

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Did you know that nurse practitioners can now fill out and sign Form T2201, Disability Tax Credit Certificate? This ensures more options for Canadians who want to apply for the disability tax credit (DTC), making the application process easier and more accessible. Through Budget 2017, the Government of Canada has made a change to recognize nurse practitioners…

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The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2018 will be $55,900—up from $55,300 in 2017. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada. Contributors who earn more than $55,900 in 2018 are not required…

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December 28, 2017 – Ottawa, Ontario – Department of Finance Canada When you have an economy that works for the middle class, you have a country that works for everyone. The Government is committed to building a strong economy and a fairer and more efficient tax system that benefits all Canadians. That is why as…

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Income splitting tax credit – The family tax cut has been eliminated for the 2016 year and future tax years. However, if you are receiving a pension, you may be able to split your eligible pension income with your spouse or common-law partner to reduce your taxes. Children’s fitness tax credit – For 2016, the maximum…

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