Tax Tips for 2017 Tax Year
Keeping you up to date on matters of note, industry events, news and company updates.

Payment and Online Mail

April 27th, 2018

Taxpayers will be able to pay their 2017 income taxes at Canada Post outlets. Canada Post will only accept payment in the form of cash or debit card. Canada Post will assess a service fee and…

New For 2017: TAX RATES AND CHARITABLE DONATIONS

April 27th, 2018

In 2016, a new federal personal income tax bracket was introduced. Taxable income in excess of $200,000 is subject to a federal income tax rate of 33%. In connection with this new federal income tax bracket,…

NEW FOR 2017: MEDICAL EXPENSE ELIGIBILITY – FERTILITY-RELATED EXPENSES

April 25th, 2018

The list of medical expenses eligible for the medical expense tax credit frequently changes from year to year. As well, whether an amount is eligible for the credit can depend on the province in which the…

NEW FOR 2017: PRINCIPAL RESIDENCE EXEMPTION

April 23rd, 2018

Prior to 2016, taxpayers disposing of a property qualifying as their principal residence did not have to report the sale on their income tax return due to a CRA administrative position. However, beginning in the 2016…

NEW FOR 2017: DISABILITY TAX CREDIT CERTIFICATION

April 20th, 2018

Nurse practitioners are now able to certify Form T2201 Disability Tax Credit Certificate applications for the disability tax credit. This change applies to all forms made on or after March 22, 2017.