NEWS
TaxWave
Canadian Income Tax Preparation

 



Cannabis claim as medical expense

The amounts paid for marijuana, marijuana plants or seeds, cannabis or cannabis oil for a person authorized to possess these substances, for their own medical use, under the Access to Cannabis for Medical Purposes Regulations or section 56 of the Controlled Drugs and Substances Act, may be claimed as medical expense on their personal income tax return. 


All related purchases' receipts and prescriptions obtained from a qualified medical practitioner must be kept and transmitted to the CRA upon request.


These substances must also have been purchased in accordance with the Access to Cannabis for Medical Purposes Regulations or section 56 of the Controlled Drugs and Substances Act.


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New Rules for Parental Leave coming in 2019

The federal government seeks to encourage parents to more equally share the duties of raising children. New rules will provide an additional five weeks of Employment Insurance parental benefits if both parents agree to share the time off work.
Parents with children born or adopted on or after March 17th, 2019 will be eligible for the new benefit.

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Climate Action Incentive Payments for 2019

The Climate Action Incentive refundable tax credit  may be claimed by qualifying individuals and families on their 2018 Federal Income Tax Returns.
The only provinces for whom this credit is available are: Manitoba, New Brunswick, Ontario and Saskatchewan.