Taxe credit for home support
19 November 2021 | Condo, Manager
People Seventy (70) years old and older are eligible to receive a tax credit for expenses that allow them to stay at home longer. We are talking about the TCHS (Tax Credit for Home Support). In condominiums, many operating expenses are tax deductible.
Did you attend our webinar on Friday, November 19, 2021, on the subject to allow you to learn about best practices and facilitate the production of the report? This webinar, an exclusive training tool tailor-made by the team to inform managers and enrich their knowledge presented by Martin Savoie, in charge of customer experience at UpperBee.
The objective was to learn how to prepare this tax credit for home support, review eligible expenses, configure eligible co-owners, and learn how to automatically generate the tax forms with UpperBee.
Martin also recalled the eligibility conditions:
- Have a full calendar year of condominium fees and expenses charged;
- The co-owner must be over 70 years old;
- Own the unit;
- The unit must be the principal place of residence; and finally
- Only one person per household can claim the TCHS.
With UpperBee this process is optimized and automated. Your customers will certainly be satisfied.
This webinar once again highlighted the value of UpperBee for management companies, condominiums, and rental properties.
Learn how only a platform like UpperBee can support you in developing your business and meet the growing demands of your customers. So, don’t fall behind, contact us and let us show you why UpperBee is the solution for you by hosting a free demo.
UpperBee a well-established management platform, here to stay!
UpperBee is committed to the continuing education of its many licensed professional property managers and regularly organizes Webinars. Stay tuned, for the following topics will be covered during the upcoming winter and spring season of UpperBee webinars:
- Meetings and Assemblies;
- Organization and management of requests;
- Communication Models;
- Infringement management;
- Contracts and tenders;
- Electronic leases and Statement 31.
The detailed program will be communicated very soon.
Important: Training webinars are free and reserved for Licensed UpperBee customers. If you are a licensed property manager of UpperBee, you will receive all the details concerning this programming as well as the registration links by email.
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