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Canadians have come far with destigmatizing and normalizing therapy, however a barrier many still face in accessing therapy is the excessive costs. In November of 2023, the Minister of Finance proposed an amendment to Part II of Schedule V to the Excise Tax Act. The proposed amendment would add psychotherapy and therapy counselling to the list of Goods and Services Tax (GST) or the Harmonized Sale Tax (HST) exempt services.
In Canada, navigating the tax liabilities of deceased individuals is a complex and crucial task for representatives, executors, and beneficiaries alike. Understanding the necessary steps and obligations is essential to avoid any potential tax liability for the deceased's outstanding tax responsibilities.
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