Several years ago, we wrote about the Disability Tax Credit (DTC), focusing on the current qualification criteria and how important it is for a person with a physical or mental impairment to qualify, as it opens the door to a number of other tax programs for people with disabilities.Â
We also appealed to physicians and other [...]

Last week we reviewed details of the proposed increase to the age eligibility for Old Age Security (OAS) from 65 to 67, introduced in the 2012 Federal Budget.Â
This prompted questions about the basic eligibility for OAS, especially the residency requirements, rules regarding partial eligibility, and the high income clawback.
This column will review those rules.
Rule one [...]

We became used to government budgets being non-events in recent years, but the 2012 federal and Manitoba budgets should perhaps warrant a second look. Â
If you are under the age of 55, the future changes to the Old Age Security age of eligibility will affect you.
While that announcement attracted the most headlines (and anger from [...]

Let’s reduce your taxes for 2011
As another tumultuous year draws to a close, let’s try to save you some tax money for 2011.
December 31 is the deadline for deductible business expenses, which mostly relates to commission salespeople and to business owners.  Corporate tax rates are going down in 2012, so it makes sense to accelerate [...]