Ontario Trillium Benefit
Ontario Trillium BenefitThrough refundable tax credits, the Province provides relief to low- to moderate-income Ontarians for the taxes and energy costs they face. Through the Ontario Trillium Benefit...

Looking ahead to 2022 – getting source deductions right from the start (December 2021)
With the holiday season approaching, income tax issues for the current year are unlikely to be top-of-mind for most Canadians — and planning for taxes for the upcoming 2022 tax year may seem too rem...

Tax consequences of employer holiday gifts and bonuses (December 2021)
During the month of December, it’s customary for employers to provide something “extra” for their employees, by way of a holiday gift, a year-end bonus, or an employer-sponsored social event. On...

The tax year is ending - some planning steps to take before December 31 (December 2021)
For individual Canadian taxpayers, the tax year ends at the same time as the calendar year. What that means for individual Canadians is that any steps taken to reduce their tax payable for 2021 must b...

Federal government provides details of new Tourism and Hospitality Recovery Program (December 2021)
In October, the federal government outlined the next stage of its pandemic recovery benefit programs, which focused on provided support to businesses in the economic sectors hit hardest by the pandemi...

Year-end planning for medical expense claims (November 2021)
Canadians are fortunate to have a publicly funded health care system, in which most major medical expenses are covered by provincial health care plans. Such plans are not, however, comprehensive, and ...

Employer-provided cell phone and internet services - who benefits? (November 2021)
Working from home — and certainly work from home arrangements on the scale experienced over the past 19 months — would not be practically possible without the use of technology. And of all the ava...

Business pandemic support programs extended and expanded (November 2021)
Throughout the pandemic, the federal government has provided businesses with a number of support programs, some of which operated to subsidize the wage and rental costs of those businesses. Some of th...

The end of (most) individual pandemic benefit programs (November 2021)
Since the Canada Recovery Benefit (CRB) replaced the Canada Emergency Response Benefit (CERB) just over a year ago, more than 2 million individual Canadians have applied for the CRB, a benefit which p...

New Quarterly Newsletters (Q3 2021)
Two quarterly newsletters have been added—one dealing with personal issues, and one dealing with corporate issues....

Claiming a tax credit for renovation costs (October 2021)
The ongoing pandemic has, as one of its many effects, created a boom in the home renovation industry, as Canadians find themselves needing to adapt their homes to more and more varied uses....

When are legal fees deductible? (October 2021)
In most cases, the need to seek out and obtain legal services (and to pay for them) is associated with life’s more unwelcome occurrences and experiences — a divorce, a dispute over a family estate...

The approaching end of pandemic benefit programs (October 2021)
Since March of 2020, tens of millions of Canadians have received pandemic benefits. In some cases, those benefits have been received directly by individuals — typically, through the Canada Emergency...

Year-end planning for your RRSP, RRIF, and TFSA (October 2021)
Most Canadians know that the deadline for making contributions to one’s registered retirement savings plan (RRSP) comes 60 days after the end of the calendar year, around the end of February. There ...