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Tag: caregiver tax

Caregiver tax guide: What’s the difference between a tax credit and tax deduction?

Caregiver tax guide: What’s the difference between a tax credit and tax deduction?

March in Ontario can be a drag: Our New Year’s resolutions are losing their spark, flu season has taken a toll, and now we’re about to be hit by the dreaded Tax Season. Not to worry, we have some information to help you through the Tax Blues. The good news: If you’re a caregiver in Ontario, you may be eligible for caregiver tax credits! We reached out to Glenn Hayter of Hayter and Associates Inc., Certified Financial Planner, to get…

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Caregiver tax guide: The Canada Caregiver Credit – What’s New?

Caregiver tax guide: The Canada Caregiver Credit – What’s New?

There is no question that caregivers are the unsung heroes of Ontario’s health system. While we can’t send you all a certificate of our appreciation, we can point you in the direction of some helpful caregiver tax credits that may relieve the financial burden that comes with caregiving. The Canada Caregiver Credit (CCC) is a tax credit that is made available to people residing in Canada who must submit an Income Tax Return. It’s provincial counterpart, the Ontario Caregiver Credit…

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