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Tag: tax credit

Three tax benefits for families with someone in long-term care

Three tax benefits for families with someone in long-term care

Next in our series of tax-time blogs, we are outlining the benefits you may be  entitled to if you have a family member living in long-term care. 1. Claim Involuntary Separation for your Guaranteed Income Supplement If you are receiving the  Guaranteed Income Supplement (GIS) and have a spouse residing in long-term care, you may apply as single individuals rather than as a couple, allowing both persons to be eligible for the GIS. Each person needs to apply separately for…

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What you didn’t know about the disability tax credit

What you didn’t know about the disability tax credit

It’s tax time again! This is the first in a series of blogs giving you easy-to-understand information about tax issues for Canadians. All information has been vetted by a Chartered Accountant. If you are looking for a general overview, read our post on tax benefits for people with dementia. The disability tax credit is an often-overlooked credit that all people with dementia should be receiving. Here’s a basic outline of how it works: To be eligible for this credit, you…

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New tax credit for safer homes

New tax credit for safer homes

Have you heard about the Government of Ontario’s Healthy Homes Renovation Tax Credit?

If you are over the age of 65 or live with someone who is senior, you could make your home safer and more accessible and the Ontario government will cover 15% of the costs.