As the year draws to an end lots of people like to start the New Year with a fresh start. This often means trying to clean up loose financial ends. Perhaps you have an outstanding tax debt and you really don’t have the funds to clear up your account with the CRA, but you at…
It may be hard to imagine that there are still some people that don’t even have a computer in their home, or those that don’t even know the basics about them. However, there are those who simply cannot afford them, then there are some seniors for example, who just don’t have a desire or need…
Many individuals, over the years have taken to foreign investments as a way to pad their income for their retirement years. Lately with the big stir about tax evasion through off shore accounts it has caused the Canadian Government to scrutinize where tax payers are investing their money outside of the country and how it…
Any pensioner that relies just on their pension plan would most likely tell you that they can barely survive on this income. The Federal Government has made it clear that they are intent on focusing on the economy and that changes for the good in the CPP is simply not on the agenda. On the…
As the year draws to an end so do many other things, and it also means the beginning of a new tax year. You now have to deal with your tax responsibilities for the previous year, however. What you need to consider is what changes took place throughout the year that is going to…
You go out to work every day and you know that your employer has certain obligations when it comes to paying you each week. Your boss has to follow the CRA tax rules for payroll. You have to hire a baby sitter every day for the children so does this make you an employer too?…
We have often said that if you really want to get as many savings as possible on your Canada taxes that you have to stay on top of the ongoing changes that take place in the tax laws and rules. Not only can they have an immediate effect on your current taxes but they can have an…
There is still a week or two left that you could use to make some beneficial tax decisions to finish off the year right so you are going to be able to get from any potential tax breaks. Deciding how your company pays you: As the owner of your company you may be at…
Yes, as soon as the festivities are over you are going to be entering into a new tax year, which means you have to start planning for your tax return. You may find yourself in a variety of situations. Perhaps you have a good accountant so you are in good shape. In the…
Many of us know that this is the age of the baby boomers, and if you are not sure if you fit into this category then all you have to realize is that if you were born between 1946 and 1965 then you can count yourself amongst this group. So what does that mean…
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