Is your business engaged in scientific research and experimental development (SR&ED)? The Canada Revenue Agency (CRA) offers tax incentives to help you reduce the income tax you must pay and to support your innovation journey. As of April 1, 2026, eligible businesses can take advantage of the new Pre-claim approval process as they plan their research and development projects. The Canada Strong Budget 2025 introduced this initiative, which provides early certainty, streamlines

When completing Form T2201 (Disability Tax Credit Certificate) for the Canada Revenue Agency, it’s important to understand that eligibility is not limited to extreme or total disability . The key question is: Has the individual’s condition significantly impacted their ability to perform basic activities of daily living, compared to someone of similar age without the condition? This includes changes such as: Reduced ability to walk or climb stairs Difficulty maintaining a hom

Before claiming the disability amount on your tax return, it’s important to make sure you’ve been approved for the Disability Tax Credit (DTC) .   To do this, check whether you’ve already applied and received a Notice of Determination from the Canada Revenue Agency. This notice confirms: If you’re eligible for the DTC Which years you’re approved for   If you’re unsure, you can also check your CRA account online to see your DTC status.   How Do You Qualify? To be approved for

When couples are forced to live apart due to medical reasons, it can create confusion — especially when it comes to taxes and government benefits. This situation is known as an involuntary separation , and understanding how it works can make a significant difference financially. What is an Involuntary Separation? An involuntary separation occurs when spouses must live apart due to circumstances beyond their control. A common example is when one spouse moves into a long-term c