What Are Medical Expenses?
Medical expenses are costs paid for health care services, products, or treatments that are eligible for tax deductions. The Canada Revenue Agency (CRA) allows you to claim these expenses to…
Medical expenses are costs paid for health care services, products, or treatments that are eligible for tax deductions. The Canada Revenue Agency (CRA) allows you to claim these expenses to…
Child care expenses are costs incurred for the care of a child so that you or your spouse/common-law partner can work, run a business, attend school, or conduct research. These…
The Canada Caregiver Credit (CCC) is a non-refundable tax credit that provides financial relief to individuals who support a spouse, common-law partner, or a dependent with a physical or mental…
The Disability Tax Credit (DTC) is a non-refundable tax credit designed to help individuals with disabilities, or their supporting family members, reduce the amount of income tax they owe. It…
The Old Age Security (OAS) program is a monthly pension provided by the Government of Canada to eligible seniors. It is designed to offer financial support to individuals aged 65…
The First Home Savings Account (FHSA) is a Canadian registered savings plan designed to help individuals save for their first home. It combines features of a Tax-Free Savings Account (TFSA)…
Registered Retirement Savings Plan (RRSP) is a tax-advantaged investment account in Canada designed to help individuals save for retirement. Contributions to an RRSP provide tax benefits, making it a popular…
The T2200 Form, also known as the Declaration of Conditions of Employment, is a Canadian tax form issued by employers to employees. It is used to certify that certain conditions…
The T2202 form, officially known as the Tuition and Enrollment Certificate, is an important tax document issued by eligible Canadian educational institutions. It is used to claim tuition, education, and…
Tax season doesn’t have to be stressful! Make the process easier and more convenient by creating your Canada Revenue Agency (CRA) account and setting up direct deposit for faster refunds…