Most often when it comes to any savings on taxes we like to see them in lump sums and hopefully significant amounts. Anyone that is actually going to get money refunded to them consider this to be quite pleasing. As a result of this though, a lot of tax payers just don’t realize how…
It is not easy being a single parent, and yet they too have the same tax obligations as any tax payer. It is just as important for the single Mom or Dad to know what these responsibilities are, and if the other parent is involved with the children, then who gets what tax credit concerning…
When you look at the amount of tax you pay throughout the year, then when it comes tax time and you find out you still owe more, about the only thing you think about is the frustration of having to put out more money. It may be of some comfort to take a moment…
Well the fear that some people may have had about their tax information being compromised may very well have happened. The CRA has announced that some tax payers information was affected. However, before you truly let panic sink in there are a few things you need to consider. Really in many cases we see…
So you have retired and have reached the wonderful age of 65, and are looking forward to receiving your first OAS pension check and most probably your CPP pension. In addition to this you have made some sound investments over the years and you have set yourself up financially for your golden years. Now from…
Most often small businesses that are thinking about incorporating their business will consider the potential tax breaks as their first priority. While this is important, other factors should be considered as well. It costs money to incorporate your Company and it takes a bit of a time commitment for this . Also, if you…
When it comes to your taxes you don’t want any mistakes to occur with your filing, and at the same time you want all the savings you can get by way of lower rates, tax incentives and potential credits. To ensure that you are going to get this you have decided to turn to a…
A lot of people would prefer never to have to deal with the CRA outside of sending their tax returns in once a year. Unfortunately there are many circumstances that can arise where it is necessary for the tax payer to either contact the CRA or have some type of correspondence with them. You…
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