Posted on January 24, 2021
by Danielle
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The 2021 tax filing season is on the horizon and kicks off on February 22, 2021.
Category: Personal Finance, Personal Tax, Sole ProprietorshipsTags: CEBA, CERB, COVID, Government Relief, personal accounting, personal finance, Personal Finances, personal income tax, Personal income tax tips, Personal Tax, personal tax tips, personl tax prep, Tax credits, tax deductions, tax planning, Tax tips, taxes
Posted on November 1, 2020
by Danielle
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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)”
Category: Accounting, Corporate Accounting, Entrepreneurs, Female Entrepreneurs, Personal Finance, Personal Tax, Sole ProprietorshipsTags: Alberta Incorporations, Capital Cost Allowance, Charitable Contributions, Collect Receipts, Home Based Business Deductions, Income Splitting, incorporate, Incorporation Services, Lower your taxes, personal accounting, personal finance, Personal Finances, personal income tax, Personal income tax tips, Personal Tax, personal tax tips, personl tax prep, Reduce Income Taxes, RRSP, Should I incorporate?, Tax credits, TFSA
Posted on April 28, 2019
by Danielle
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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 to split pension income. This can offer you big savings on your tax bill,… Continue Reading “Can I Split My Pension Income?”
Category: New Canadians - Immigrants, Personal Finance, Personal Tax, UncategorizedTags: Income Splitting, Pension Splitting, personal finance, Personal income tax tips, personal tax tips, seniors, Tax credits, Tax tips
Posted on April 26, 2019
by Danielle
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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 when you file your taxes. 1. Make sure they file a tax return: Sounds… Continue Reading “Filing Taxes for a Senior? 7 things You Can do to Maximize Their Return”
Category: New Canadians - Immigrants, Personal Finance, Personal Tax, UncategorizedTags: caregiver, dependent, eligible dependents, personal finance, Personal income tax tips, personal tax tips, seniors, Tax credits, tax deductions, Tax tips
Posted on April 22, 2019
by Danielle
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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 say “thanks” too. If you’ve got an aging parent or relative living under your… Continue Reading “This is one of the Most Commonly Missed Tax Credits. Can You Claim it?”
Category: New Canadians - Immigrants, Personal Finance, Personal Tax, UncategorizedTags: caregiver, dependent, eligible dependents, Family income taxes, Family taxes, personal finance, Personal income tax tips, personal tax tips, seniors, Tax credits, tax deductions, Tax tips