A Place for Mom reports some assisted living expenses may be tax-deductible if they exceed 7.5% of AGI, excluding nonmedical costs.
To bring you up to speed on how this new tax break works, here are 10 things you need to know about the Senior Deduction.
A pension adjustment (PA) determines your annual contribution limit for a Registered Retirement Savings Plan, ensuring equitable tax assistance for all Canadians.