Most likely you have heard the term tax brackets and know that they have something to do with the amount of taxes that you have to pay each year. You may have heard some people say that they don’t want to end up in a higher tax bracket so they might not participate in…
Most of us know as Canadians that when spring arrives that tax time also arrives. For a month or so we scramble around getting all of our documents in order and finding the right kind of help to get our tax forms completed and sent in on time. It is now that we show…
For some of us we have even got last year’s taxes done and over with and yet we have to start thinking about the current year. By the time the deadline reaches for the previous year, we are already finishing off the first quarter of the current year. It is often a common…
Most people realize that paying taxes although unpleasant is really a necessity, if they want to enjoy the public benefits that the money from tax collection is supposed to bring. Your tax dollars are distributed through two levels of government which both contribute to many resources that we use on a daily basis. However, this…
Of course being in the midst of tax season means that you are focusing on getting your taxes done for the past tax year. It always takes time to gather up all the pertinent information you are going to need for your return, and at the very least you may be waiting on some…
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…
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…
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…
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