We all like to complain about having to pay taxes, but we also know there is no way out of it. Unless you of course want to sit home and just learn to live on a minimum amount of money and have no plans to get ahead in life financially. It is really unfortunate…
There isn’t much good that can be said about having to get your taxes done, except that perhaps when doing them it will bring to light some of the potential tax credits that may be available to you, that you are as of yet not taking advantage of. This is where using a tax accountant can…
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 is not uncommon for Canadian tax payers to get confused over what it means to have to pay their tax by instalments. Some that are only familiar with parts of the tax law assume that these types of payments are only applicable to back taxes owed, and arrangements have been made to catch up…
Many of us were taught by our parents that if we start a small savings account and just keep adding small amounts to it that we will be pleasantly surprised at how fast it grows. What you may not know is the same can be said about the amount of money that you will end…
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…
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…
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…
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