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Tax Benefits in Canada

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An experienced financial professional based in Toronto, Canada, Stuart Bollefer graduated from the University of Toronto, where he obtained a juris doctor. Stuart Bollefer currently serves as a senior tax partner at Aird & Berlis LLP, and helps clients throughout Canada with tax problems.

Taxes are something all people pay regardless of what they are doing for a living. Taxes represents funds for the government, which it can use to invest in infrastructure projects such as roads or healthcare. People that pay their taxes on time can also receive benefits from time to time in certain stages of their life. For example, a couple or family can receive a child disability benefit if their child deals with disabilities. This is a tax-free benefit and applies to children below the age of 18. The children have to be eligible for disability tax credits in Canada.

Another benefit that people can receive is the Canada workers benefit. It aims to help and support Canadians to enter the workforce. It is a refundable tax credit that can help people with low income who are working.