What is a RRSP?

What is a RRSP?

Thoughout our 25+ year’s of completing Income Tax Returns, we are still amazed that there are financial institutions that sell RRSP’s  to clients who do not even know what they are getting, ……………well except a Tax Refund! So...
Tuition, How Does it Work?

Tuition, How Does it Work?

I paid for my childs education, why can’t I claim it? The rules surrounding tuition are complex at best. While the government allows for transfers of tuition to parents, grandparents and spouses. They have rules on when and how much can be transferred. In...
Changes to CPP – Jan 1, 2012

Changes to CPP – Jan 1, 2012

2011 marked the start of a 5 Year Implementation of the Canada Pension Plan Overhaul, while 2012 marks the first year where you will see major changes on your benefits & contributions. Over 60 & Still Working? There are 2 major changes that affect how your CPP...
Service Animals and the METC

Service Animals and the METC

2018 changes increase who can claim the costs of service animals, but not for emotional support animals. Service Animals The CRA expanded its allowance for service animals. You may claim costs for service animals if you live with the following disabilities: Blindness...