Most everyone wants fair play when it comes to their tax obligations. This means that most feel that the taxes that have to be paid should be done in a fair manner with everyone paying their fair share. There has been a lot of talk in the last year especially about the tax havens that…
While we have just passed another deadline to contribute to your RRSP’s there are many that have this form of savings but have found that they are ending up having to dip into it because their financial situation is so tight. A recent survey has shown one that one in five people have had to…
There are many reasons why a family can soon become a single family income as opposed to both adults bringing money into the family. This can be something that is out of one’s control where as one of the individuals may have lost their job or have become ill and are no longer able…
Now that you have mastered your tax responsibilities as a couple and you now have a new little one on the way, you also are going to have the extra responsibility of determining how your taxes have to be done in relation to the new baby. Once the baby has arrived and you are registering…
There are a lot of people that really want to buy a home and are contemplating on using their RRSP as their source for being able to do this. What they’re not sure of is whether this is a wise move or really how to go about it. There are a few rules that you…
There are all kinds of information on the internet that is meant as good advice. There are arguments that you should use an accountant for your taxes then there are arguments that you shouldn’t or don’t need to. So is there a right or wrong to either of these arguments? The complexity of investments…
Beginning a new year also means looking at what changes you may want to make, and often these are focused around personal finances. There are several changes that you can consider making, but you want to make those that are going to have a positive impact on your financial situation. You may be considering a…
For the average tax payer what they tend to focus on when it comes to their tax situation is how much they made and how much tax do they owe on this. Then they go about having their tax returns completed and hope they don’t have to write a cheque to the tax department to…
Many family owned/operated businesses are started with the hopes that one day it will be handed down to the future generation. When it comes time to retire you may be looking at handing the business reins over to the kids but you still want to get your investment out of it by way of…
Perhaps you are the higher income earner in your family, or your spouse doesn’t earn any income at all. Yet you are still paying a hefty tax rate because of the income bracket you are in. You may want to think of splitting that income which would allow you to transfer some of the money…
