CCB Young Child Supplement Program

For families with children under the age of 6, the Government of Canada has provided a one time benefit tax-free payment to help supplement expenses for child care during 2020-2021 under the CCB Young Child Supplement Program (CCBYCS).   No application is necessary as CRA will determine eligibility based on your 2019 and 2020 Individual…

Canada Alberta Job Grant

The Alberta Government has recently released a new grant to help with employers and employees with their training programs related to their job. The grant is available to employers/trainees, once all conditions have been met and can cover up to $300,000 per fiscal year for the company OR a maximum of $10,000 per eligible trainee.…

How your tax dollar was spent in 2011-2012

Have you ever wondered exactly where your tax dollar’s go?  A new slideshow from the CRA shows exactly what percentage of your taxes went where! During the 2011 – 2012 year the federal government had expenses totaling $271.4 Billion. A brief summary of federal spending for 2011–12. Canada Health Transfer (10 cents) Canada Revenue Agency (3 cents) Canada Social…

Fraudulent CRA emails – Beware!

Spam and fraud have become a part of daily e-mail life it seems and fraudsters are finding new and improved ways of grabbing your attention.  As trends change online, we find ourselves asking more and more “Is this Junk Mail?”  When it comes to e-mails from the CRA you simply need to ask yourself “Have…

Businessman jailed for failing to file tax returns

Surrey, British Columbia, May 14, 2013… The Canada Revenue Agency (CRA) announced today that Sooke businessman N. Lawrence Moss, also known as Larry Moss, plead guilty and was sentenced in Victoria Provincial Court on May 8, 2013, to one count of failing to comply with a Compliance Order to file his 2003 to 2006 personal…

Tradesperson tax credit (tool purchases)

If you were an employed tradesperson in 2012 (including an eligible apprentice mechanic), you may be able to deduct up to $500 of the cost of eligible tools bought to earn your employment income. Important facts An eligible tool is a tool (including associated equipment such as a toolbox) that: you bought to use in your job…

Children’s Arts Tax Credit

Is your child a budding artist or musician? If your child attends programs that contribute to his or her development, you may be eligible for a break at tax time. Important facts If your child participated in an eligible program of artistic, cultural, recreational, or developmental activity, you may be able to claim up to…

2012 Personal Tax Credits

Do any of these apply to you?  Let us know! The Family Caregiver Tax Credit – Is a 15 per cent non-refundable tax credit on an amount of $2,000 that provides tax relief to caregivers of infirm dependant relatives. This includes, for the first time, infirm spouses, common-law partners, and minor children. Canadians can claim this…