Tag: Tax tips

Denied Life Insurance? Here Are Your Next 3 Steps

It’s tough to learn that the life insurance company you applied to will not be offering you coverage, especially if you were fully expecting a yes! You may fall into the “impaired risk market,” which means you have something in your background that makes… Continue Reading “Denied Life Insurance? Here Are Your Next 3 Steps”

Bookkeeping Basics

Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business. Accountants prepare reports based, in part, on the work of… Continue Reading “Bookkeeping Basics”

TOP 2019 YEAR END INCOME TAX PLANNING TIPS

It’s that time again. The year is almost done, and it’s time to take advantage of tax-planning strategies that will reduce your income tax burden for the 2019 tax year. We’ve collected the top 2019 tax-reduction strategies from our Canadian tax lawyers. Top 2019… Continue Reading “TOP 2019 YEAR END INCOME TAX PLANNING TIPS”

Saving $10 A Day Has Never Been Easier!

Thanks MOM ACCOUNTANT TALK PODCAST for this article. Check out the original 01  Delay Impulse Shopping   Itching to make the purchase now? Go home and think about it. Give yourself 24 hours to decide if you really need the item. 72 hours is… Continue Reading “Saving $10 A Day Has Never Been Easier!”

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 to split pension income. This can offer you big savings on your tax bill,… Continue Reading “Can I Split My Pension Income?”