By Peter Kupovics on August 1, 2013 
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Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the Canada employment amount. Interest on Student Loans To… {Read more}
By Peter Kupovics on August 1, 2013 Leave a comment
The most common deductions that apply to students are moving expenses and child care expenses. Moving Expenses You can deduct moving expenses if you move to attend courses as a full time student or if you moved to start a… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
The number of registered charities continued to grow in 2012. As of December 31, 2012, there were 86,159 registered charities, up from 85,923 on December 31, 2011. Charity Type Total Poverty 18,645 Education 13,924 Religion 33,494 Other purposes beneficial to… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
Ted Menzies, Minister of State (Finance), informed Canadian consumers that the ban on unsolicited credit card cheques comes into effect June 21, 2013. As of June 21, 2013, all federally regulated financial institutions will be forbidden from sending unsolicited “promotional”… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
Ontario is launching a new Collaboration Voucher program to give companies a competitive edge by connecting businesses with research institutions. Through the program, eligible companies can apply for vouchers which can be redeemed for access to the expertise and knowledge… {Read more}
By Liz O'Dowd on June 20, 2013 Leave a comment
Jim Flaherty, Minister of Finance, on June 10, 2013, welcomed the passage of Bill C-60, the Economic Action Plan 2013 Act, No. 1, by the House of Commons. “We are one step closer to implementing measures that will build on our… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
On June 10, 2013 in Ottawa, Ontario, Gail Shea, Minister of National Revenue and Minister for the Atlantic Canada Opportunities Agency, announced today that the Canada Revenue Agency (CRA) has received information from international allies that relates to persons resident… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
Lisa Raitt, Minister of Labour, accompanied by Rick Norlock, for Northumberland—Quinte West, attended a children’s dance competition today at the Cobourg Highland Games to promote the Children’s Arts and Fitness Tax Credits. Minister Raitt highlighted that the Children’s Fitness Tax… {Read more}
By Liz O'Dowd on June 10, 2013 Leave a comment
The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It ensures a measure of protection to a contributor and his or her family caused by the loss of income due to retirement, disability and death. There are… {Read more}
By Liz O'Dowd on June 10, 2013 Leave a comment
Self-employed Canadians are able to voluntarily access Employment Insurance (EI) special benefits. There are four types of EI special benefits: Maternity benefits (15 weeks maximum) available to birth mothers. It covers the periods surrounding birth. A claim can be submitted… {Read more}