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Caregiver tax guide: Your caregiver tax credit questions, answered

Caregiver tax guide: Your caregiver tax credit questions, answered

Our caregiver tax refund series continues! So far, we’ve talked about the difference between tax credits and deductions, and demystified the Canada Caregiver Credit. You may now be wondering, what are the tax credits that caregivers tend to overlook? Glenn Hayter, Certified Financial Planner with Hayter and Associates Inc., answers some of the most common to get his insights on the credits that may apply to you! I support someone who is living with dementia. How do I qualify for…

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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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