2022 Federal Budget Highlights
On April 7, 2022, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented “Budget 2022: A Plan to Grow Our Economy and Make…
Categories
Underused Housing Tax
The 2021 federal budget announced the 1% Underused Housing Tax (UHT) that came into effect on January 1, 2022, and certain residential property owners in Canada…
Proposed Luxury Tax
In August, the Finance Department released a backgrounder and technical paper discussing the details of the luxury tax that was originally mentioned in the Liberal’s 2018 election campaign,…
ELECTION 2021
The results are in: The Liberal Party formed the minority government as of September 21, 2021. While they made many promises during the election campaign to…
Tax Tips for Medical Students
Whether or not you have most, or part, of your tuition covered, expenses and bills still have the tendency to pile up. However, if you are…
Wealth Planning: Work from Home Expenses
With the transition to working from home as a result of the COVID-19 pandemic, many questions have come up regarding eligibility for home office deductions that…
Wealth Planning: Medical Expenses
Out-of-pocket medical expenses can be claimed as a non-refundable tax credit on your personal tax return, which is used to reduce the total tax payable. Non-refundable…