Archive for April, 2010
Changes to the Medical Expense Tax Credit
If you were considering cosmetic surgery, teeth whitening, hair transplants or Botox injections and hoping that the expenses would be eligible for the Medical Expense Tax Credit, you may be too late. In 2010, the Medical Expense Tax Credit reduces the federal tax of a claimant ...
5 Comments | Posted in Financial Planning for Business Owners,Group Insurance,Health Spending Accounts
April 22, 2010
Changes to the Rules for Ontario Locked-In Accounts
On June 19, 2009, numerous important changes were made to the rules governing locked-in accounts. Locked-in accounts include Locked-In Retirement Accounts (LIRAs), Old Life Income Funds (Old LIFs), New Life Income Funds (New LIFs) and Locked-In Retirement Income Funds (LRIFS). The following points ...
1 Comment | Posted in Financial Planning for Business Owners,Retirement Planning,RRIF,RRSP,Savings and Investments,Tax Planning
April 04, 2010
