Canada News Centre

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Ontario 2021 Budget – March 24, 2021

20% increase to 2021 CARE credit; Refundable jobs training tax credit 2021 only; Employee Health Tax (EHT) exemption increase made permanent, threshold amount for instalments doubled; and more. Click below to read more: Ontario 2021 Budget – March 24, 2021 Source: Tax…

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Death of a TFSA Holder

Successor holder vs Beneficiary – big differences! Secondary beneficiaries; Named beneficiaries and probate; No successor holder or beneficiary. Click below to read more: Death of a TFSA Holder Source: Tax Tips

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BC MSP Premium Assistance

Many people don’t realize that they should be paying lower premiums, or no premiums, for BC MSP. For 2017 or 2018, a person with ADJUSTED family net income less than $42,000 (so, senior couple with line 236 family net income of $48,000) should be applying…

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RRSP Deadline Friday March 1, 2019

RRSPs can be a great tax-saving vehicle, because the contributions are deducted from income. Although TFSA contributions are not tax-deductible, they can sometimes be better for you to use than RRSPs, such as when you are in the lowest tax bracket. Click below…