Tax is a Family Affair

View the recording of the March 29, 2014 - Canadian MoneySaver Magazine hosted this online presentation

One hour presentation followed by 40 minutes of audience Q&A was recorded to share with you.

Part 1/2

Part 2/2

The latest news
Media News
CRA Links
Families
Tax is a Family Affair
Families: Useful Links (original list)
Youth in Transition
Hiring Nannies/Caregivers
Teach yourself tax

Designed for teachers to work through learning about tax online form completion in the computer lab

For use with high school or adult students

VIsit the TaxDetective YouTube channel for video instructions on how to access TurboTax Online free, anonymously, and then watch some free videos about completing several case studies.

or download the free student workbook from this webpage to work through the various scenarios

http://www.taxdetective.ca/student_workbook.html

Income Tax Act and Regulations
Income Tax Act

 You can hunt through the Table of Contents to find a section, or you can change the address right at the end, to change to the section you want to see (there are 248 sections). Here's the link to section-1, click here, and then edit the -1 and make it -2 or -69 or -118.2 (medical expenses) 

Income Tax Regulations

The Act comes with ancillary Regulations found here and note that it's by page, so changing the page # will move you through, as will the Table of Contents , i.,

Page 121 is where you'll find Regulation 5700 with a listing of the medical devices and equipment referenced by S. 118.2(2)(m) and the next Page, 122 is where you'll find Retention of Books and Records in Regulation 5800 

Excise Tax Act (includes GST/HST)
ETA SchedV Part II Health Care Services

See definitions for 'medical practitioner' 'practitioner' See S. 5 re service rendered by medical practitioner to individual and S. 7 re services rendered to an individual by a practitioner (note, this includes audiologist, speech language pathologist)

See S. 14 re a supply of training service if training designed to assist with disorder or disability in coping with affects of the disorder or disability and... (b) one of three conditions exist...

i) certified in writing

ii) prescribed (there are no regulations at this time)

iii) gov't direct or indirect payment or partial payment and proof provided for payment

For these expenses, consider if the expense qualifes for medical expenses on Line 330 or LIne 331 as training is mentioned in ITA S. 118.2(2) under (e) for care, or care & training and also under (l.8) caregiver training

ETA S.261(3) GST/HST refund: paid in error

S. 14 above came into effect in Feb/2008, but you can only go back for 2 years from date of payment if you've been charged GST/HST in error.  Request a refund, but only with appropriate documentation.  The person who charged you, if they are still a registrant, claims it back once they pay you.
 


CPP Act & OAS Act
Canada Pension Plan Act
Old Age Security Act
Consultations on Canada's Retirement Income System




 

 

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