Tax

2010 Tax Changes for Cosmetic Procedures No Longer Considered Tax-Exempt

In the federal budget announced on March 4, 2010 expenses incurred for purely cosmetic procedures will no longer be eligible under the Medical Expense Tax Credit. 

2010 Tax Changes that May Affect You

Rollover of RRSP Proceeds to a Registered Disability Savings Plan

Budget 2010 proposes to extend the existing RRSP rollover rules to allow a rollover of a deceased individual’s RRSP proceeds to the Registered Disability Savings Plan of a financially dependent infirm child or grandchild.