Written by Matthew J. Ardrey, B.A., CFP, FMA, CIM | Consultant & Manager, Financial Planning | February 25, 2015
Up all night worrying about childcare expenses? Is little Johnny or Jane stressing your budget with new hockey equipment? Wondering how you’ll pay for the car repairs from your teenager’s little mishap?
Fear not, the federal government feels your pain and has announced measures to improve the tax situation of many Canadian families. They may not pay for that dent in your car (courtesy of your son or daughter) but some extra dollars in your pocket can’t hurt. These new or updated family-friendly changes to the Income Tax Act, which started January 2014 continuing through 2015, are in addition to the many existing tax measures already in place.Read more »