If you are applying for the Disability Tax Credit (DTC), you can now get a nurse practitioner to fill out and sign your Form T2201, Disability Tax Credit Certificate. The Federal Government made a change to recognize nurse practitioners as one of the medical practitioners who can certify Form T2201 through Budget 2017. This change will provide a huge benefit for individuals applying for the Disability Tax Credit who live in an area where a nurse practitioner is their first point of contact. This ensures that all Canadians who want to apply for the DTC will be able to do so...
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Here are some of the important things you need to know this tax filing season. April 30, 2018: Most Canadian income tax and benefit returns for the tax year 2017 are due on April 30, 2018. June 15, 2018: If you or your spouse or common-law partner is self-employed, you have until June 15, 2018 to file your income tax returns. Express NOA: Tax preparers using certified tax software will be able to print a notice of assessment right after filing. Canada Post outlets: Canadians can now make in-person payments using cash or debit card at any Canada Post outlet. Extended...
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Here are the Sales and Excise Tax Measures included in Budget 2018. GST/HST and Investment Limited Partnerships: Budget 2018 proposes measures so that the GST/HST applies to management and administrative services rendered by the general partner on or after September 8, 2017, and not to management and administrative services rendered by the general partner before September 8, 2017 unless the general partner charged GST/HST in respect of such services before that date. Budget 2018 also proposes that the GST/HST be generally payable on the fair market value of management and administrative services in the period in which these services are rendered....
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Enhancement of the Canada Workers Benefit: The Working Income Tax Benefit is a refundable tax credit that supplements the earnings of low-income workers. Last year, the Government announced that they intend to enhance the benefits provided by the Working Income Tax Benefit by an additional %500 million starting in 2019. Budget 2018 proposes to rename the program to the Canada Workers Benefit. Also, Budget 2018 proposes that for 2019, the amount of the benefit be equal to 26% of each dollar of earned income in excess of $3,000 to a maximum benefit of $1,355 for single individuals without dependents and $2,335...
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