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We are all tempted on occasion to accept a deal where we don’t have to pay any taxes. Most often we run into situations where we need things done around the home, and the budget is pretty tight. Then someone offers to do the repair or renovation on a cash basis and this seems to…
We all like to complain about taxes for several reasons. The biggest one is because we believe we are being taxed to death, and the other is that it is a nuisance when we have to take time out to do our tax returns even though its only once a year. While there…
Sometimes we look at the small things that we can take advantage of with our taxes as being insignificant and don’t really bother with them. Taking a look at whatever small tax breaks you can get is a good habit to form because they can end up accumulating to a point where they really do…
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…
In many cases you just go out to your place of employment, earn your income, your boss deducts the taxes owed, and at the end of the year you get your T4. There are many circumstances though where individuals have some expenses that are related to their job that they have to pay for personally.…
It is hard enough having to concentrate on your studies, then take on the financial responsibilities of your education without having to consider your tax implications, yet it is an additional burden as a Canadian student that you may be faced with. If you are going to take advantage of any potential student tax…
When you look at the amount of tax you pay throughout the year, then when it comes tax time and you find out you still owe more, about the only thing you think about is the frustration of having to put out more money. It may be of some comfort to take a moment…
Well the fear that some people may have had about their tax information being compromised may very well have happened. The CRA has announced that some tax payers information was affected. However, before you truly let panic sink in there are a few things you need to consider. Really in many cases we see…
