April 16, 2018

Tax Season 2018: Here Are All The New Things You Need To Know

Taxes have changed for 2018. Those filing this year will need to watch out for these changes from Ottawa. One of the major changes is that the Canada caregiver credit replaces the caregiver credit, the family caregiver credit and the credit for infirm dependants age 18 or older. Furthermore, having an older parent or grandparent live with you doesn’t automatically qualify you for this credit. Now, they must be infirm for you to claim the credit. Other changes include the elimination of the education and textbook tax credits, the children’s fitness and arts credit, and public transit tax credit up to June 30th. (Anything after July 1st is ineligible.)

Read more: Tax Season 2018: Here Are All The New Things You Need To Know

Ask Our Experts

Quadrant is dedicated to your financial success. Get expert advice and insights to grow your business and plan for your future.

Request a Consultation