Tag: Family taxes

This is one of the Most Commonly Missed Tax Credits. Can You Claim it?

Your parents worked hard to take great care of you growing up and you’re happy to return the favour. The good news? The CRA (the Canada Revenue Agency) wants to say “thanks” too. If you’ve got an aging parent or relative living under your…

Tax Tips for Canadians over 65

If you’re in your golden years or taking care of a family member who is, take a minute to review what credits and deductions you could both be eligible for. Make sure you file a tax return: Always file, because you could be entitled…

Family Tax Deductions: What Can I Claim?

Being a mom has been the most incredible experience of my life so far – even including all those sleepless nights. It’s also very expensive, and according to a 2015 study by MoneySense Magazine, it costs on average $13,366 per year to raise a…

Are You Eligible for the Working Income Tax Benefit?

Most of us want to make sure we’re getting the maximum tax refund possible and every benefit we deserve, especially if finances are tight. So, if you’re asking yourself if you’re eligible for the Working Income Tax Benefit, you’re in the right place. The…

Taking some time off to parent? Here’s how your taxes could change

Whether you have a bun in the oven, a new baby at home or are getting ready to adopt, you’re no doubt excited for this big change. Since your little addition comes with the new job of parenting, it’s no surprise that there will…