YEAR-END TAX PLANNING  December 31, 2013 is fast approaching… See below for a list of tax planning considerations.  Please contact us for further details and to discuss whether these may apply to your personal tax situation.  SOME 2013 YEAR-END TAX PLANNING TIPS INCLUDE:  1)      Certain expenditures made by individuals by December 31, 2013 will be…

Shared Custody Tax Benefits

CRA allows each shared-custody parent to receive the Child Tax Benefit  and the child component of the HST.

You will be paid 50% of the benefits effective July 2011.

You need to fill out FORM RC66 with a letter attached explain the child’s living arrangements.