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With it being tax time once again it also means that it’s time to avoid the potential red flags that can be raised by the CRA regarding your tax filing. Most everyone wants to go unnoticed with this department unless of course they are expecting a tax return. There are some common areas on the…
It’s getting down to the crunch to get your taxes completed and filed. If you are like many you are flying around trying to gather all of the necessary documentation. You have toyed with the idea of completing your own taxes. After taking a quick look at the forms, and thinking of trying to…
When the announcement broke about the family tax credit it created a lot of excitement for many tax payers. It seems though it is not as cut and dried as it first appeared to be and not nearly as beneficial as what was initially thought. There are other highlights to the new tax news this…
When it comes around tax time the methods for getting your taxes done quick and easy begin to flow. There are all kinds of temporary tax preparation locations suddenly available, there is tons of advertising on television, and there is a big push on using software. Then of course, there are the tax accountants who…
If you work in an industry where part of your income is based on tips you may be really tempted to not claim these on your tax return. Common industries where tipping is well known are restaurants, beauty salons and transportation services like taxi. Now as a tax payer you are well aware…
For a lot of people it is really difficult to give much thought to any type of savings plan because it is all they can do to make ends meet now. Often this means not paying attention to the registered retirement savings plan in respect to the deadline date for contributions, or even to…
Students don’t have an easy time of it financially, and whenever there is a potential break for them we like to encourage it or at least bring it to their attention so they can consider it. Tuition is expensive and while there are some tax incentives to help with this, it is still not enough…
Communication is highly important with your spouse in all areas of your relationship. Now spending an evening doing your taxes together isn’t what you would call a romantic evening but it really is a necessity and it could help to introduce you each to a little bit about tax planning. When you only had to…
