What the disability tax credit means for eligible Canadians and …
WEBMay 14, 2021 · Child disability benefit (CDB) — A tax-free monthly payment for parents of a child under 18 who qualifies for the DTC and who also qualifies for the Canada child benefit. The CDB is calculated annually based on prior year adjusted family net income and begins to reduce when that income exceeds $68,708. 1 Where the child qualifies for the DTC ...
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WEB2 days ago · Stock Picks as Monetary Policy Eases. Easing cycle will have positive impact on interest-sensitive sectors. Crystal Maloney, CFA, CPA, CMA August 19, 2024. From. Webinar. News and resources for Canada's top financial advisors.
New and upgraded tax credits coming for clients | Advisor.ca
WEBAug 9, 2022 · First-time home buyers’ tax credit. The Liberals are also moving ahead with a promise to double the tax credit for first-time home buyers beginning in the current tax year. Previously, new buyers could claim up to $5,000 on a home purchase and receive a credit of up to $750. The amount has now doubled to $10,000, with a maximum credit of $1,500.
Income and gains on TFSA overcontributions can remain in …
WEBNov 2, 2020 · Canadians may keep income or gains earned from overcontributions to their TFSAs as long the overcontribution was not deliberate and they pay the 1% monthly penalty tax on the excess contribution, the Canada Revenue Agency (CRA) confirmed in a recent technical interpretation. Allowing income and gains earned on overcontribution amounts to …
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WEBAbout Our Mission Advisor.ca informs and educates advisors who strive to do their jobs better. Our audience of credentialed financial advisors and planners puts clients first and produces superior outcomes. We help readers cut through the noise, offering practical ideas and tools for investments, tax and estate planning, insurance, regulation and practice management. We believe […]
Purpose launches private asset platform for advisors along with …
WEBApr 4, 2023 · Toronto-based Purpose Investments has launched three private funds and an accompanying platform for advisors as manufacturers compete to bring private investments to retail investors. Purpose has partnered with CAIS Group, a U.S.-based fintech, on a platform that offers information for advisors about alternative investment strategies, as well ...
Employees working from home by choice can claim expenses, CRA …
WEBFeb 5, 2024 · The temporary “flat rate” method, which allowed Canadians working from home due to Covid to claim up to $400 in employment expenses in 2020 and up to $500 in 2021 and 2022, is not available for 2023. The simplified method didn’t require an employee to track expenses or obtain a Form T2200: Declaration of Conditions of Employment.
Understanding the lifetime capital gains exemption
WEBOct 20, 2017 · The lifetime capital gains exemption has helped many people save tax since it was introduced in 1986. In short, it allows people to shelter a certain amount of capital gains income under certain conditions (see “ History of the capital gains exemption ”). This article will examine what those conditions are, and how they work.
Podcasts Archive | Advisor.ca
WEBPortfolio Positioning amid Rate Cuts and Market Risks. Considerations include active management, diversification. Featuring David Wong | August 12, 2024. From. 12 min 04 sec | Related Article.
Federal tax credit for multi-generational home renos now available
WEBJan 11, 2023 · The multi-generational home renovation tax credit took effect Jan. 1 for expenses related to building a secondary suite for a family member who is a senior or an adult with a disability. The credit will provide a 15% tax refund on expenses of up to $50,000 to a maximum of $7,500. The secondary suite must be for a related adult over the age of ...
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