Congress is considering giving Americans in Canada an incredible tax break

Stay tuned, and call me if you have questions: Charles M. Bruce: This change would align U.S. rules with that of just about every other country in the world The U.S. Congress has been mulling changes in the way American individuals abroad are taxed.Canadian Press Special to Financial Post November 7, 2017 10:26 AM EST…

Did you have medical expenses? You may be able to claim them on your income tax and benefit return

Did you know? If you paid for hospital services, paid to live in a nursing home, or bought medical supplies such as pacemakers, vaccines, or walking aids, you may be able to claim a non-refundable tax credit based on these and other eligible expenses when filing your income tax and benefit return. Non-refundable tax credits…

Life events can have an impact on your taxes

Did you know? Whether you just got married or divorced, had a baby, or lost a loved one, life events can affect your tax affairs. Important facts If your marital status changes, it’s important to let the Canada Revenue Agency (CRA) know as soon as possible. Getting married Change your marital status – You can change…

10 new features in the 2014-15 TaxCycle Suite

by Elizabeth (Trilogy Software) on Wednesday, November 19, 2014 2:00 AM Our software developers and tax analysts are hard at work completing a beefy list of new features for you to enjoy this season. Here’s a list of 10 of our favourites… 1. Options Profiles Possibly the most-popular feature requested by our customers… An easy way to share and control options for everyone in your…

Save yourself the trouble — get it in writing!

Before you decide to hire a contractor to do construction, renovation, or repair work on your home, ensure they are reputable and insist on getting a written contract and receipts. Be sure to ask a lot of questions, and ask for proof of workers’ compensation or equivalent private liability insurance to cover injury and any…

Protect yourself!

As Canadians get busy filing their taxes, the Canada Revenue Agency (CRA) reminds everyone to be cautious of fraudulent tax filing. If you are approached by a tax preparer offering larger refunds than other preparers, don’t be fooled! While the vast majority of preparers provide excellent service to tax filers, there are unscrupulous ones who…