A lot of people are becoming more pro-active in finding legal ways of trying to reduce their tax obligations. There are many ways that they can go about this. Also, it is becoming more important to implement some financial planning strategies that not only include your taxes but help to save money in…
As much as we wish that tax was not something that we had to pay it is a reality, so rather than looking at it with distaste and dreading that tax time of year, perhaps a different approach will make it an easier task in more ways than one. Know where you stand with your…
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…
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…
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…
It is not uncommon for small businesses to share their frustrations with their accountant concerning the growth of their business. Very often an experienced accountant can offer a lot of good tax planning advice to help companies move in the right direction. For example, these financial experts can often discern when it would be more…
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…
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…
