Shaelene’s Tax Tip of the Week – February 6th

Did you know? 

If you or your child was a student in 2019, you can claim the amount of interest paid by December 31st on their student loans as long as they were received under the Canada Student Loans Act, the Canada Student Financial Assistance Act, or the Apprentice Loans Act. While only the student can claim this credit, the interest can be paid by anybody on their behalf.

Have questions? Give us a call! 905-571-2665

Shaelene’s Tax Tip of the Week – May 15th

Have you protected your business? You qualify for a tax deduction if you have General Business Liability Insurance, Business Property Insurance, or Business Interruption Insurance. You cannot, however, claim life insurance unless you’ve used it as collateral for a business loan.

Have questions? Give us a call at 905-571-2665.