Author Archives: Shaelene McInnis

If you have children and incur child care expenses, remember to claim the Ontario Child Care Tax Credit (OCCTC). This refundable tax credit can cover up to 75% of your eligible child care expenses, providing significant savings.

If you’re a homeowner or renter, you may be eligible for the Ontario Energy and Property Tax Credit. This credit helps offset the cost of property taxes and sales tax on energy, with eligibility based on your income and housing situation.

The LLP allows you to withdraw funds from your RRSP to finance full-time education or training for you or your spouse. This can be a tax-efficient way to invest in furthering your education without immediate tax consequences.