Yes it is true you have to spend money to make money. This is even true when you are working. In order to go to work every day you have some expense. Some people that are out of a job find it hard just to raise the money to go job hunting.…
You are probably well aware that tax in Canada is a matter of interpretation. It all begins with a very complex set of laws called the Canada Tax Act. As you can imagine this is set of rulings that are all written in legal jargon. Probably the only ones that truly understand…
Unlike the USA a lot of Canadians didn’t give much thought to extra medical coverage, at least not until recently. Outside of dental care our basic health care needs were aptly met under our OHIP coverage. We are now beginning to see that there are lot of benefits that we once enjoyed are no…
Attendant care expenses can only be claimed if the payments made were to someone who was not the spouse or common law partner. The attendant also had to be eighteen or older. If you were not eligible for the disability amount you may still be able to claim this attendant care expense, but…
Most people are intimidated by the CRA and this is something that the Canadian government has been trying to overcome. They have discovered that they are successful at collections with a more friendly yet still firm approach. To some it would seem you can “catch more flies with honey” approach. Yet don’t…
Canada welcomes international students, as well as foreign workers and others into the country where money can be involved by way of income. In order to prevent taxes having to be paid twice in some cases some countries will make tax treaties or agreements between each other to handle specific tax situations. Canada…
Many international students that come to Canada to study don’t realize that they need to have some knowledge about the Canada tax system and its regulations. In fact, they may be required to file a Canadian tax return. It starts with you figuring out and knowing what your residency status is while you are…
Well it would seem that the Canada Government is ready to get back at in the New Year with their continuation of the international and aggressive tax avoidance measures. It is interesting that the CRA has made such big pushes to go electronic and is encouraging more electronic activities. They also don’t seem to…
While energy costs are slated to rise a little, you can really make a dramatic impact on your heating and cooling costs by taking advantage of the incentives for this that are offered in Ontario. It isn’t just for residents but is also applicable to businesses. Of course there is certain criteria that has…
It is not unusual for our Government to give out with one hand then take back with the other. While the new tax breaks are good news this year, you may not be so happy with some of the increased expenses you may be facing. The annual premium for Unemployment insurance rates are going…
