Disability Tax Credit (DTC) Part 3 of 3

The Disability Tax Credit (DTC) was broken down in the prior two articles (Click here for Part 1 or Click here for Part 2 ) and continues here. Canada Revenue Agency (CRA) allows mental functions to also be covered under the DTC. This must affect everyday life, and even with therapy, medication, and…

ByAndreChoquetteDecember 14, 20210Comments

Personal Personal Tax

Disability Tax Credit (DTC) Part 2 of 3

In our last article (Click here to view in New Window ), we opened the door on the Disability tax credit (DTC). This article will focus on the first seven medical conditions are included within the DTC. The DTC eligibility is broken into ten groups, but please note you only need to meet the conditions…

ByAndreChoquetteDecember 14, 20210Comments

Personal Personal Tax

Disability Tax Credit (DTC) Part 1 of 3

First off, what is the Disability Tax Credit or DTC. It is a Canada Revenue Agency (CRA) federal tax credit that can be applied to reduce Personal Income Tax. It sits in the same area as the donation and medical expense area of the tax return. For 2020 the Disability Tax (DTC) is $8,576 ($8,662…

ByAndreChoquetteDecember 13, 20210Comments

Personal Personal Finance

What is Bitcoin, and is it investable?

Bitcoin is a cyber currency. Cyber currencies are global currencies without any central control from any governments or banks. Compare this to the Canadian Dollar, governed by the Bank of Canada, which controls distribution, security, and valuation through strict rules. All Bitcoin transactions are held in a public ledger (called a blockchain) stored across thousands…

ByAndreChoquetteNovember 4, 20210Comments

Business

Self-Employed – Is there a little bit of being your own boss in you?

Maybe you do a little woodwork in your spare time or a little baking in your retirement. Maybe you mow the neighbor’s yard, plow their driveway, or lend your DVDs or tools. While the amounts may be trivial, all are considered being self-employed. What if no money changes hand but instead a dinner in return…

ByAndreChoquetteOctober 27, 20210Comments

Personal Personal Finance Trending

Lease or Finance Automobile

So when it comes to replacing that car or truck in your driveway, should you lease or finance? First off, what is leasing? Lease payments are effectively you paying for use of the vehicle for the term of the lease. What is this buyout? The buyout is usually the retail value of the vehicle at the…

ByAndreChoquetteOctober 20, 20212Comments

What is Bitcoin, and is it in..

Self-Employed – Is ther..

Disability Tax Credit (DTC) Part 3 of 3

Disability Tax Credit (DTC) Part 2 of 3

Disability Tax Credit (DTC) Part 1 of 3

What is Bitcoin, and is it investable?

Self-Employed – Is there a little bit of being your own boss in you?