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Clown Prince of Crime

Pay Day Loan Mortgages Revisited

A mortgage that works like a Pay Day Loan? Who wouldn’t want something as great as that?!?

March 2022 Inflation

Inflation at 1.1%, That is Low for February

Gasoline prices have been fluctuating wildly in the past few months. Check out the Gas Price Index to find out why Inflation has been low and what could trigger the Bank of Canada’s reaction. Stats Canada’s Consumer Price Index for February 2014 showed a year-over-year Inflation of 1.1%. Find out what effect this may have on Inflation. Enbridge’s 40% Natural Gas jump and Ontario’s Hydro price increases have the potential to influence Inflation. Learn why Gasoline is a major factor in Inflation and how it may affect our economy. Lower Inflation was partly attributed to Gasoline prices dropping in February 2014. Find out more in this blog post.

More cowbell

Don Quixote, Tax Time, Cheap Mortgages and #FreeFormFridays

Tax time in Canada is in April, and getting your taxes done on time is very important.

RDSP

RDSP: Banking Challenge Ignored

I threw out an RDSP banking challenge, and, as usual, it was ignored by all the major banks. Guess I am not yelling loud enough?

Disability Tax Credit DTC graphic created by ChatGPT

Disability Tax Credit: Please Do It Yourself

The Disability Tax Credit (DTC) is a valuable benefit offered by the CRA to help Canadians living with disabilities or supporting a disabled family member. Unfortunately, some third-party advisory firms have capitalized on this by charging exorbitant fees—often 20% to 30% of the full tax refund—to “assist” in the application process. These services, while appearing helpful, can be predatory, especially when clients are vulnerable and unaware they can apply themselves.

This article shares a first-hand perspective on successfully applying for the Disability Tax Credit, emphasizing the increasing accessibility of doing so through CRA’s MyAccount and updated eligibility criteria that now include a wider range of medical practitioners. It also highlights legal concerns, allegations of CRA audits, and the risk of having credits clawed back due to improperly filed claims.

The takeaway: Do not use services that charge a percentage-based fee. Either handle the application yourself or consult a reputable accountant who charges a flat rate. The article includes links to investigative reports from the Toronto Star and CBC to help readers make informed decisions and protect their refunds.

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