During tax season it is the time where most everyone is looking for some type of tax break. As a result of this they can become vulnerable to scams and misconceptions about tax obligations. No doubt you have noticed many new temporary tax offices opening up that are offering you great tax savings…
With the Canada tax deadline being in the first quarter of the year for many tax payers, they don’t start thinking about their current tax year situation at least until after they have filed the last year’s. That means that four months of the year have past and no tax planning has been implemented.…
The differences that lie between what Corporations pay for tax compared to what other types of Canada tax payers are hit with, is really becoming a source of contention for many. Some are of the mind that it sets the scene for the “rich get richer and the poor get poorer”. It is true…
We all like to complain about taxes for several reasons. The biggest one is because we believe we are being taxed to death, and the other is that it is a nuisance when we have to take time out to do our tax returns even though its only once a year. While there…
Sometimes we look at the small things that we can take advantage of with our taxes as being insignificant and don’t really bother with them. Taking a look at whatever small tax breaks you can get is a good habit to form because they can end up accumulating to a point where they really do…
Okay, we are just about to wrap up the 2013 tax year, and already you need to start thinking about your 2014 tax if you are a student. If you are used to working part time during the school year, or finding summer employment then you already know that this can create some tax implications…
It could be that you are getting very close to the tax deadline and you haven’t even started your tax return. You mention this to a neighbor who with a good heart and with the charge of a small fee offers to do this for you. Now you consider your tax return to be fairly…
For some of us we have even got last year’s taxes done and over with and yet we have to start thinking about the current year. By the time the deadline reaches for the previous year, we are already finishing off the first quarter of the current year. It is often a common…
As a student you may have already dealt with some previous tax years so you have a good idea of what is expected from you relating to taxes. Then again you may not have even given this much thought or perhaps assumed that you didn’t even have to file taxes being as you are not…
In many cases you just go out to your place of employment, earn your income, your boss deducts the taxes owed, and at the end of the year you get your T4. There are many circumstances though where individuals have some expenses that are related to their job that they have to pay for personally.…
