Can I Split My Pension Income?
You and your spouse are enjoying your golden years together and share pretty much everything. The CRA (Canada Revenue Agency) recognizes that sharing is caring, so they allow senior couples …
Filing Taxes for a Senior? 7 things You Can do to Maximize Their Return
Whether you’re caring for your aging parents or just helping them with their taxes, here are some tips to keep in mind so you can both get the most back …
This is one of the Most Commonly Missed Tax Credits. Can You Claim it?
Your parents worked hard to take great care of you growing up and you’re happy to return the favour. The good news? The CRA (the Canada Revenue Agency) wants to …
Tax Tips for Canadians over 65
If you’re in your golden years or taking care of a family member who is, take a minute to review what credits and deductions you could both be eligible for. …
Family Tax Deductions: What Can I Claim?
Being a mom has been the most incredible experience of my life so far – even including all those sleepless nights. It’s also very expensive, and according to a 2015 …
Five Tax-saving Tips for Retirees
Retirement may give you the chance to sleep late and live leisurely, but you don’t want a large tax bill spoiling your fun. To maximize your benefits and lower your …
Pension Income Splitting Lets You Split Your Income With Your Spouse
Tax planning doesn’t end when you retire. If you or your spouse receive income from a pension, you may be able to lower your tax bill by splitting some of …
Is My Volunteer Work Tax Deductible?
Giving to charity is great for the soul. It can also be good for your tax return. When it comes to volunteering, however, the situations in which such work makes …
Who Can Claim Moving Expenses?
For many Canadian families, moving can be an exciting adventure. The thrill of a new location brings new friends and new experiences. But moving can also be an expensive endeavour. …
Are My Prize or Lottery Winnings Taxed?
If you won the lottery tomorrow, what’s the first thing you’d do? Would you track down a mint 66 Shelby? Or travel the globe to exotic destinations? No matter what …