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A while back there was a lot of talk about the CRA clamping down on charities as there were indications that this particular tax break was being abused. So what is happening recently with this issue? Many people are concerned about the charities they are contributing to because they want their donations to be…
The older people get usually the better it gets financially. The family has basically grown up and become self sufficient, in most cases. All of the major items need for reasonable living have been purchased and long paid for. Now is the time to think about enjoying life a little more, but…
We all complain about having to pay taxes, yet we know that it is necessary if we are going to be able to maintain our beautiful country and keep it as a wonderful place to live and work. While we may seem hard done by and some say we are taxed to death, how…
It almost seems like every Political party feels that they have to come up with some new and unique idea to make a mark for themselves. With our current Ontario Liberal government the new buzz is going to be around their potential planning for a new old age pension for Ontarians. They are promoting it…
It is usually around tax time that we give the most thought to our tax dollars that we have to contribute and often it is because we realize at this time just how much we have contributed throughout the year, or we have to pay even more and this is not pleasant. It might help…
A lot of people are becoming more pro-active in finding legal ways of trying to reduce their tax obligations. There are many ways that they can go about this. Also, it is becoming more important to implement some financial planning strategies that not only include your taxes but help to save money in…
As a home owner you already know that there is no end to having to put out money to keep it in good condition. As a tax payer you also know that you have certain obligations to this level of government even if it means you don’t have to pay taxes but might be…
Well now that election is over and we seem to be right back where we started from, the Liberals have stepped forth with the same basic budget that forced the election to begin with. Of course everyone wants to know what the final word is going to be on the tax situation. It would…
