Lesia Gilbert, CPA, CA

01/31/2024

For those looking into saving for their first home.

Make the most of these tax planning strategies

07/25/2023

Please be wary…this is a scam…CRA would never send a text like this

04/11/2023

Please be cautious of scams…I just received this text…CRA would NEVER contact you this way

Don’t be shy about reporting scams…it’s the only way the government can help. Their online tool is really easy…I reported using a screen shot in less than 5 min.

https://www.antifraudcentre-centreantifraude.ca/report-signalez-eng.htm

01/31/2023

Ontario Staycation Tax Credit
If you vacationed in Ontario in 2022, your accommodation costs may be eligible for a deduction

https://www.ontario.ca/page/ontario-staycation-tax-credit?fbclid=IwAR3jey-J2Cq1JQtWnU_pUPjsobCceTyeHKDDx_yD_7oDWe4fe3HyJ2YWCww

Find out how to get back up to 20% of your eligible 2022 Ontario accommodation expenses.

01/31/2023

Home accessibility tax credit
The annual expense limit of the home accessibility tax credit has increased to $20,000.

Information for individuals about the Home accessibility tax credit (HATC), which reduces your federal tax. Note: Line 31285 was line 398 before tax year 2019.

01/31/2023

First-time home buyer's tax credit
The amount used to calculate the first-time home buyers' tax credit has increased to $10,000 for a qualifying home purchased after December 31, 2021.

Information for individuals about home buyers' amount (First-Time Home Buyers' Tax Credit), which reduces your federal tax. Note: Line 31270 was line 369 before tax year 2019.

01/31/2023

Disability tax credit
For 2021 and later tax years, an individual diagnosed with type 1 diabetes is deemed to have met the two times and 14 hours per week requirements for life-sustaining therapy.

This guide is for people with impairments in physical or mental function.

01/31/2023

Air quality improvement tax credit
If you were self-employed or a member of a partnership in 2022, you may be eligible to claim a refundable tax credit equals to 25% of your total ventilation expenses to improve ventilation or air quality at your place of business.

This page contains information on how to claim the Air quality improvement tax credit.