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First you want to know that you can either call this new tax incentive the family tax cut or you may want to refer to it as income splitting. Either way it is only going to be applicable to some. So, for those who can take advantage of it then it is a good thing,…
So, you have bought a house and it is in your name. It was intended to be the house that you were going to live in, but things changed and you decided that you would like to let your parents live in it as you are travelling all of the time and only need a…
Many people take great comfort in having a will drawn up so their loved ones are financially protected once they are gone. Usually these legal documents are done and then stored away and forgotten about. They could be sitting this way for many years to come. Do the contents become outdated in respect to what…
Most of like to keep our tax responsibilities above board and compliant with the law, however there are times that we may be tempted to cheat just a little bit. It may be that someone has offered to perform a service for you for cash only but with no taxes. Or you may…
We all know that tax is a very personal affair, and when it comes tax time we usually like to go off by ourselves and get on with the task at hand. We are focusing on what works best concerning our tax situation, but we might be forgetting that what is happening with our…
There is no doubt that a lot more average tax payers are seeking out the services of good tax accountants. There are many reasons for this. Some people feel that their tax burdens are so significant that they need to rely on professional advice. Others have run into tax matters that they are not…
As a Canadian tax payer you know that the ultimate responsibility of filing and paying your taxes rests entirely with you. Now for those with a very simple tax return this may not be that much of a challenge. Unfortunately there are many couples with families or those who also own small business, or are…
For the average tax payer what they tend to focus on when it comes to their tax situation is how much they made and how much tax do they owe on this. Then they go about having their tax returns completed and hope they don’t have to write a cheque to the tax department to…
