Teachers, early childhood educators and other eligible educators have a tax credit available to them for purchasing school supplies. This credit was expanded effective with the 2021 tax year. The list of eligible supplies was expanded. The credit itself also increased from 15% to 25% of up to $1,000 in eligible expenditures. This would equate …

Eligible Educator School Supply Tax CreditRead More »

Covid-19

This is a time of year when Kennedy Accounting Services is always busy but never like this. Please know that I am reviewing and studying all economic benefits as they come out so that both my business and income tax clients can take full advantage of everything that is offered…

Have you been required to travel out of the area (more than 40km) for medical procedures or appointments? Make note of these trips and the km you traveled as you are entitled to claim a set per km amount for each trip. You must also obtain a note from your Doctor stating that you were …

Medical TravelRead More »