Changes to Individuals’ Taxation in 2023
There are several challenges that you might face when preparing your income tax returns, particularly with regard to the documents to gather, tax credits you might be entitled to or...
COVID-19: Update on Relief Measures for Individuals
Nine weeks after the start of the COVID-19 pandemic, everyone is looking forward to getting back to regular daily activities. In the meantime, we all need to be patient, resilient,...
Disability Tax Credit
Individuals who are limited by a physical or mental disability often have additional expenses that other taxpayers do not. The tax authorities have, therefore, introduced the Disability Tax Credit (DTC)...
Drug Insurance Plan Premium – Tax Impacts
Did you know that if you have a Régie de l’assurance maladie du Québec (RAMQ) health insurance card, you have to be covered by a drug insurance plan at all...
How Can I Reduce my Tax Bill?
As you can imagine, this is one of the top 3 questions that we are asked every tax season. As a result, we decided to answer the question as simply...
How to take advantage of the tax credit for childcare...
First of all, it should be noted that advance payments are amounts paid monthly, in advance, following an application to the tax authorities for a tax credit to which you...
How Your Children’s Income Affects Your Taxes
Your 16-year-old teenager just got his first job; he worked all of summer 2022 and might still be working par-time during the school year. Now you’re wondering whether his income...
Self-employed Workers and Taxes
The deadline for filing your tax return was two weeks ago, however, if you or your spouse is self-employed, the deadline is June 15, 2022. In recent months, our experts...
Tax Developments for 2024
Our team delved into the subject and drafted a summary of the major changes that will affect individuals’ 2023 income tax returns. For federal purposes: A new T4FHSA slip will...