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February 2014

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RRSP deduction limit 2013

RRSP contribution Deadline for 2013 Tax year

Personal Tax, RRSPBy Sam SeidmanFebruary 14, 2014Leave a comment

When is the RRSP contribution deadline for 2013 Did you know that the RRSP contribution deadline for the 2013 tax year is Monday March 3, 2014. If you read my other article why you would want to contribute to your rrsp today and would like to make a contribution then Contributions can be made through…

Is The Government Finally Recognizing Flaws In The Canada Tax System?

Is The Government Finally Recognizing Flaws In The Canada Tax System?

Canada Tax NewsBy Sam SeidmanFebruary 14, 2014Leave a comment

Almost every tax payer complains about the Canada tax system, but mostly because we simply don’t like seeing a good chunk of our hard earned money going out to the Government.   Yet, it is also very necessary if we want all of the programs and services that Canada has to offer which is paid…

Thinking About Taxes Then and Now

Thinking About Taxes Then and Now

Canada Tax, Tax PlanningBy Sam SeidmanFebruary 10, 2014Leave a comment

Of course being in the midst of tax season means that you are focusing on getting your taxes done for the past tax year.   It always takes time to gather up all the pertinent information you are going to need for your return, and at the very least you may be waiting on some…

Do You Make Money Off Your Property?

Do You Make Money Off Your Property?

Canada Tax, Personal TaxBy Sam SeidmanFebruary 7, 2014Leave a comment

A lot of people have been feeling the pinch financially with the economy the way it is, and as a result have been forced to look for other ways to pad their income so they can make ends meet. For some it has meant renting out part of their residence just to help cover the…

Do Canadian Citizens Need to Worry About FACTA Negotiations

Do Canadian Citizens Need to Worry About FATCA Negotiations

Canada Tax News, Personal TaxBy Sam SeidmanFebruary 6, 2014Leave a comment

Just when you thought that you were pretty well up to date with what is going on with the CRA and how it relates to you for your tax filing, another big tax topic hits the news. You as a tax payer are hoping it has nothing to do with you, but still you are…

Tax Filing Is Time Demanding

Tax Filing Is Time Demanding

Personal Tax, Tax FilingBy Sam SeidmanFebruary 5, 2014Leave a comment

Filing your taxes is your responsibility and this means that you need to gather all of the pertinent information that is going to relate to your taxes. This often means that you need to look at the other family members and how they have any bearing on your tax filing.   Many of us live…

Factual Residents Do You Know Your Canada Tax Obligations?

Factual Residents Do You Know Your Canada Tax Obligations?

Canada Tax, Personal TaxBy Sam SeidmanFebruary 4, 2014Leave a comment

Being out of country and enjoying the sunny weather while Canada is still battling what winter has to throw at her, and especially during tax season, certainly is a nice thought. In fact, it is easy to forget about the snow and the tax filings that will soon be due.   However, even if you…

5 Top Reasons for Using an Accountant As Your Tax Preparer

5 Top Reasons for Using an Accountant As Your Tax Preparer

Personal Tax, Tax Preparation ServicesBy Sam SeidmanFebruary 3, 2014Leave a comment

Usually if you are going to hire an expert to perform any type of service there has to be a good reason why you need the type of services they offer. This is no different when it comes to a tax accountant. In fact, you may not realize just how important it is to utilize…

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