Many people look forward to the day when they can collect their pensions that they have spent years contributing to. Some individuals have private as well as government pension plans that they are entitled to. From the government many retirees expect to receive both the Canada Pension Plan as well as the Old Age Pension.…
Whenever anyone has what they feel is going to be a complex tax filing they automatically assume that they must get the best tax accountant. They believe that in order to do this they must head to the core of the city to find these experts. These tax tips for residents of Thornhill…
It is not uncommon for most people to just receive their notice of assessment after filing their taxes and just accepting them as being totally accurate. The figures may be different than what you submitted concerning the tax return, but you just assume that the tax people are right and you are wrong. …
Nobody likes to do taxes, but even more so nobody likes to be contacted by the CRA either. This type of contact can come either by telephone, or by mail. It doesn’t always mean that you are in tax trouble, so there is no need to panic. It also doesn’t work well to simply try…
One of the problems that a lot of people run into is not filing their taxes on time because they know they are going to owe money to the Canada tax department. Some simply do not have the extra cash at the tax deadline, so they just don’t file. The CRA doesn’t recommend this and…
When is the RRSP contribution deadline for 2013 Did you know that the RRSP contribution deadline for the 2013 tax year is Monday March 3, 2014. If you read my other article why you would want to contribute to your rrsp today and would like to make a contribution then Contributions can be made through…
A lot of people have been feeling the pinch financially with the economy the way it is, and as a result have been forced to look for other ways to pad their income so they can make ends meet. For some it has meant renting out part of their residence just to help cover the…
Just when you thought that you were pretty well up to date with what is going on with the CRA and how it relates to you for your tax filing, another big tax topic hits the news. You as a tax payer are hoping it has nothing to do with you, but still you are…
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