Tax Planning

New Proposed Tax Credit for Tradespersons Tools
New Proposed Tax Credit for Tradespersons Tools

Learn&Grow

New Proposed Tax Credit for Tradespersons Tools

The 2023 federal budget proposes changes in the deduction for tradespersons tools. Here are the facts: The proposed change included doubling the maximum employment deduction for tradesperson's tools from $500 to $1,000. The new maximum deduction would be in effect for the 2023 tax year. Under the current rules, a tradesperson can claim a [...]

By Sarah Twomey|2024-03-11T15:52:09-04:0015/05/2023|Learn&Grow|

It’s Tax Season! Are You Taking Advantage of These Tax Credits?
It’s Tax Season! Are You Taking Advantage of These Tax Credits?

Learn&Grow

It’s Tax Season! Are You Taking Advantage of These Tax Credits?

Now that RRSP season is over, it’s time to look ahead to Tax season. While we know that many of you file with the help an accountant, others among you complete and file your taxes yourself. So the following short list of tips may be best suited to the personal filers. Maximize on your [...]

By Sarah Twomey|2024-03-12T11:16:25-04:0021/03/2023|Learn&Grow|