Medical expenses: Tax deductions and credits you may not know about
Canadians may be astonished by the range and depth of tax credits and deductions available but maybe not surprised by the complexity involved. Here’s what you need to know.
If you share a bank account with a parent or relative, you may have to file a T3 return this tax season. That’s because a joint account may be considered a “bare trust.” According to new CRA trust reporting rules, these trusts are now required to file a return. Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to provide more clarity on this issue.
If you’re married or in a common-law relationship, could there be anything more romantic than tax season? Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to discuss some key tax moves couples can consider and misconceptions to be aware of as well.