Issuu on Google+

Canada Offers New Tax Credit for Care-givers (Sunnyvale, CA) – Canada has announced a federal tax credit for families which came into effect on January 1, 2012. The Family Caregiver Tax Credit will allow care-givers of infirm dependent family members a 15% non-refundable tax credit on C$2,000. For the first time, the tax credit can be claimed by care-givers of infirm dependent relatives including, spouses, common-law partners and minor children. Canadians will be allowed to claim the credit on their tax returns for the year 2012 and after. Canada’s Budget 2011 also announced the decision to remove the C$10,000 cap on the Medical Expense Tax Credits which could be claimed by a taxpayer caring for a financially dependent relative. The Canadian Government has previously announced relief measures for persons with disabilities such as the Registered Disability Savings Plan (RDSP), expanding eligibility for the Disability Tax Credit and enhancing the Child Disability Benefit. Please call/email for more details. About Nair & Co. Nair & Co. provides you with your one touch outsourced finance, internal audit compliance, HR and legal department for your international operations. If you are expanding abroad for the first time, our turnkey solution will help you do so with minimal risk, stress and cost. We currently support more than 1000+ client operations in over 50 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at http://www.nair-co.com/


Canada Offers New Tax Credit for Care-givers