Disability tax credit Individuals suffering from a severe and prolonged mental or physical impairment can claim a federal disability amount of $7,766 for 2014. If the person with a disability is a child under 18, there’s an additional supplement of $4,530 for 2014, for a total disability amount of $12,296. To qualify, a doctor must […]
The 2015 Federal Budget introduced changes that will have Canadians thinking more about their financial plan. A great conversation starter that you can use with your clients is the increase in the annual TFSA contribution limit to $10,000 starting this year. TFSAs provide flexibility to savers: To fund their retirement, further their education or save […]
Posted by Andrew Jackson There is a very specific set of issues for displaced workers arising from the treatment of severance pay, which represents compensation for involuntary job loss in recognition of the very real costs incurred by the worker. Under the current Employment Insurance system, a worker who is laid-off does not normally receive […]