Canadian Dental Care Plan– Seniors or Disability or Children Now Qualify Last December 2023, the federal government announced the introduction of the new Canadian Dental Care Plan (CDCP). The Plan will help make the cost of dental care more affordable for eligible...
Snowbirds US Tax Return Do you travel to the US for the winter for long periods of time? If so, you may need to file an exception to filing a US tax return that is due June 15 each year. If you don’t want to face some possible penalties, you may need to file a form...
Has Your Marital Status Changed? When your marital status changes, it is important to let various government agencies know. There are many benefits and programs that are based on family income, so these programs need to know about your change in marital status. When...
Bare Trusts: Property, Yes; Bank Accounts, No Some late-breaking good news from CRA Canada Revenue Agency. Reporting on most Bare Trusts is no longer required. On Thursday March 28, mid-afternoon, an announcement came from CRA: NEW – Bare trusts are exempt from trust...
You Have a Bare Trust! The 2023 personal income tax season has been underway since February 19 2024 when CRA opened to e-filing. And for most taxpayers, there are not a lot of changes compared to the 2022 tax year. But there is a major change in reporting Bare Trusts...
