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Tax free income ?

Almost all types of income are subject to income tax. However, there are some exceptions. Lottery winnings in Canada and gains from casual gambling are not taxable. Proceeds from damage …

What Is an RDSP?

A registered disability savings plan (RDSP) is a plan designed to help parents, family members, and others save for the long-term financial security of an individual who is eligible to …

Disability tax credit

Individuals suffering from a severe and prolonged mental or physical impairment can claim a federal disability amount of $8,001 for 2016. If the person with a disability is a child …

The home office

If you work out of your home you may be able to deduct a portion of your home office expenses. However, there are a number of rules, and the rules …