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As parents we try and arm our youngsters with as many skills as possible to carry them through their adult years and help them make sound financial decisions. One of the things that we may neglect to inform them about is the responsibility that they are going to have with their tax obligations. When…
It may seem strange to be talking about a current year end for your business when you are focusing on your last year’s taxes. When you stop to think about it though, by the time you get those taxes completed you are near the end of the first quarter of the current year. …
A lot people work very hard to become financially successful with the hope of being solid financially when it comes to their retirement years. In many cases these individuals who have worked hard to gain their financial success become frustrated with what they consider unfair tax obligations. Most often they have worked many long…
Nobody likes to be sick because of the way it makes them feel and then there are the added expenses that come with most illnesses. Even if it doesn’t warrant a doctor or a hospital stay, the over the counter medications are expensive. For more serious illnesses even though we have great medical coverage in…
Some people like to get their taxes done early which is a good thing because it is over and done with. Then it is usually forgotten about until you get your tax assessment in the mail. Chances are you look it over quickly, but really this is important information and you should scrutinize it…
There are certainly a lot of new expenses that have to be faced when starting out as a married couple. You most likely still have some bills left over from the wedding and used a good amount of your savings for your honeymoon. Now you have to think about your tax obligations as a…
If you are self employed or have a small business then you need to have financial statements completed that are properly done and accurate. Your tax accountant needs these in order to prepare your tax returns for you properly. If you use a qualified bookkeeper then you should not have to worry about the accuracy…
Chances are you are like the many other Canadian tax payers who want to be sure that you are going to be financially comfortable for your retirement years. It is not enough anymore to just rely on your Canada Pension Plan, or Old Age Security pension to make your later years in life comfortable.…
