Category: Personal Tax

Changes to Alberta’s child care system – August 1, 2020

photo of family smiling

Low-to-middle income families and families with children who have extra needs will benefit from the following child care changes.

Essential Link: CRA Interest & Penalties / Relief

crop payroll clerk counting money while sitting at table

This page provides information (including a table of penalties and frequently asked questions) about penalties for late or improperly filed forms and information returns.

2020 Personal tax prep guide

The 2021 tax filing season is on the horizon and kicks off on February 22, 2021.

Small Business Tax Strategies – Reduce Income Tax (2020)

There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business. ARTICLE TABLE OF CONTENTS Always Collect Receipts Manage RRSP and… Continue Reading “Small Business Tax Strategies – Reduce Income Tax (2020)”

Financial planning 101: Retirement

Registered Retirement Savings Plan (RRSP) An RRSP (registered retirement savings plan) is an investment account that is registered with the Canadian government and is used as a vehicle to save for retirement. An RRSP is different than a typical investment account because it provides… Continue Reading “Financial planning 101: Retirement”