Category Archives: Personal Income Tax

Enhanced UCCB

By now you should have received your Enhanced Universal Child Care Benefit (UCCB) payment for the first 6 month of 2015. The UCCB has increased from $100 per month to $160 for children under 6, and there is a new benefit for children aged 6 through 17 of $60 per month. If you have children…
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Family Tax Cut

Canada Revenue Agency (CRA) has announced that there has been an amendment to the calculation of the Family Tax Cut. Tuition, textbook and education credits can now be transferred from a common-law partner or spouse. The change is retroactive to 2014 and will also apply to future years. CRA has indicated that they will do…
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Children’s Fitness Tax Credit

Since 2012, families have been claiming a Children’s Fitness Tax Credit (CFTC) to a maximum of $500 per year providing a tax savings of up to $75 per eligible child.  The CFTC was a non-refundable credit, so low income families that did not pay taxes received no benefit from this credit.  The government announced that…
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Personal Tax Returns

You may be surprised to learn that the accountants at HLW look forward to income tax season. After all, most accounting firms dread this time of year. At HLW income tax season is an opportunity to renew acquaintances with personal tax clients, many of whom have become good friends over the years. More than that,…
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