Almost every parent starts thinking about the education requirements for their little ones well before the little one is ready for school. Most often this also comes with concerns as to how they will be able to afford it. The first thought may be to simply open a separate bank account such as…
Sometimes it seems like we pay so many different forms of taxes that rather than try to determine how our tax payments are allocated, we just look at the lump sum as tax in general. In general we do know that a portion of whatever we pay in the year for our tax account is…
As most people are aware of the tax filing deadline has been pushed back for the Canada taxes until May 5th. due to the CRA site breach by an internet virus. For some this doesn’t mean much, but for others who are right down to the wire with their tax filing those extra few…
It could be that you are getting very close to the tax deadline and you haven’t even started your tax return. You mention this to a neighbor who with a good heart and with the charge of a small fee offers to do this for you. Now you consider your tax return to be fairly…
It has been generally said that taxes is not a topic of conversation that most people want to get into, yet on occasion it does happen. This is when the confusion about how our tax system relates to the individual can really set in. For example, one individual who is paying child support states…
So you have retired and have reached the wonderful age of 65, and are looking forward to receiving your first OAS pension check and most probably your CPP pension. In addition to this you have made some sound investments over the years and you have set yourself up financially for your golden years. Now from…
When it comes to your taxes you don’t want any mistakes to occur with your filing, and at the same time you want all the savings you can get by way of lower rates, tax incentives and potential credits. To ensure that you are going to get this you have decided to turn to a…
A lot of people would prefer never to have to deal with the CRA outside of sending their tax returns in once a year. Unfortunately there are many circumstances that can arise where it is necessary for the tax payer to either contact the CRA or have some type of correspondence with them. You…
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