5 Medical Tax Credits That Can Save You Money
Have you filed your tax return yet? Instead of the April 30 filing deadline, this year Canadians will have one extra month – until June 1 – to submit their income tax return to...
Category: Taxes
How Your Investment Income is Taxed
Now that you’ve been working on your income tax return, it’s a good idea to do a review and identify any missed opportunities and changes you may be able to make this year. In...
What Investment Fees Can You Claim on Your Tax Return?
Do you pay fees for financial advice and portfolio management? You can reduce your taxable income by claiming certain investment expenses on your tax return. Related: Preparing for Tax Season You can claim some...
File Your Taxes Online Wth These Software Options
Tax season is just around the corner. How will you prepare your tax return? Some people like to hire a tax professional to handle their returns. But most Canadians are now preparing their own...
8 Tax Strategies to Implement Before the End of the Year
It will be tax time before you know it but it’s never too early to plan. So take a break from holiday preparations, pour yourself an eggnog and spiced rum and check these year-end...
How Retirement Can Affect Your Taxes
Once you’ve retired you receive new sources of income – CPP, OAS, company pension, withdrawals from your RRSPs or RRIFs, and annuity payments – which are all fully taxable. Tax can easily become one...
Preparing for Tax Season
It’s that time again. Tax season is right around the corner and the government wants to know how much you made last year. You should receive most of your tax slips by the end...
Manage the Tax You Pay on Retirement Income
Income tax is without a doubt life’s single greatest expense. It’s quite shocking to see just how much of the total amount of your hard-saved money will disappear in tax. If you are a...
