Tweet Income Tax Checklist Listed below are items that you should consider when preparing your income tax return: Do you have any carry over deductions from prior years such as RRSP’s, Donations, Unused tuition fees or student loan interest, Home office expenses, LSVC credits, Net Capital losses or Non Capital losses? Did you contribute to …Read More
Tweet Need a little extra cash for Christmas? Want to start on a good financial footing in 2012? Your family’s tax returns are a great place to start, because you may just find a lump of gold hiding in year end tax planning opportunities. In a volatile investment environment, being tax astute can add double …Read More
Tweet Canada’s tax system is based on self-assessment, which means that individuals are responsible for accurately completing and filing their tax returns on time. The Canada Revenue Agency (CRA) provides Canadians with the information they need to meet their income tax obligations. See link below for link to CRA website: http://www.cra-arc.gc.ca/whtsnw/tms/lttrcmpgn-eng.html#_pubs If you have received …Read More
Tweet Contractors are frustrated by a Canada Revenue Agency ruling they are not businesses and don’t qualify for tax credits, writes James Bagnall Read more: http://www.ottawacitizen.com/business/workers+build+political+support+against/4668718/story.html#ixzz1Kio0InDq I will be posting additional articles with respect to this on my blog shortly. I will re-post to LinkedIn when completed. Related articles IT professionals angry over increased taxes …Read More
Tweet I am posting a link to the TFSA vs. RRSP Calculator from the TaxTips.ca website as a follow up to my previous post on TFSA’s vs RRSP’s. Do the analysis for yourself and provide feedback on your results. The calculator uses two scenarios – deposits going to RRSPs, and deposits going to TFSAs. You …Read More
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