Personal Tax Archives

How to Minimize Taxes on Your Salary and Wages

What if you are told that you can save money in taxes even if you are a salaried individual? Sounds good? Go through this guide about how to minimize taxes on your salary and wages to benefit.

Income Splitting

The Top Tax strategies for medical practitioners (doctors, physicians, chiropractors, dentists, pharmacists) are revealed in this article. The common theme is that of income splitting – distributing income to family members that otherwise would have been taxed in the hands of the same individual. Hire your spouse/child As an owner, you can hire your spouse … Continue reading

Tax Strategies for Newlyweds

This short article is called tax tips for newlyweds. If you recently got married and have a hangover from the bill, this article is certainly for you.

Is it better to take a Salary or Dividend?

Whether to take a salary or dividend from the corporation is a complicated decision that a small business owner usually has to make. This article indicates advantages of both alternatives so you can decide which option is beneficial for you! Advantages of taking Salary Increase your RRSP contribution limit By taking a salary from your … Continue reading

What are the Tax Deductions for 2012 in Canada?

This article talks about 2012 tax deductions for individuals. I am going to review the five most missed tax deductions. So, let’s get started.

Tax Implications for US Citizens working in Canada

US citizens working in Canada have to file a Canadian tax return and pay Canadian tax. If you are a US Citizen working in Canada as an employee, you should be aware of what tax obligations are applicable to you or you could end up facing large penalties. Here are the tax-related responsibilities that you … Continue reading

How to Increase Your Personal Tax Return Savings

Do you want to know how to increase your personal return tax savings? This article discusses how to save taxes on your 2012 Canadian personal tax return. I am now going to take you through the top 5 ways to save taxes on your 2012 T1, so let’s get started.

Smart Tax Strategies for Investors

This article & video will take you through some smart tax strategies for investors, so let’s dive right in.

Issues with RRSP contributions not fully deducted.

If you are wondering how come my RRSP contribution isn’t fully deducted? You have come to the right place. This article will show why the RRSP contribution is not being fully deducted on your personal tax return, and will also guide you to other personal tax tips which can help you save a fair amount … Continue reading

5 Most Common Personal Tax Mistakes to Avoid

Hi, my name in Allan Madan; I’m a chartered accountant and tax expert in the Mississauga, Toronto, and Oakville regions of Ontario, Canada. This article talks about the 5 most common personal tax mistakes to avoid.

5 Ways to Save Tax on Your Personal Tax Return (2011)

This short article reveals 5 ways to save tax on my 2011 personal tax return. It’s a ‘must-read’ for anyone who wants to reduce their tax bill!

2011 New Personal Tax Credits and Deductions in Canada

Hi, my name in Allan Madan; I’m a chartered accountant and tax expert in the Toronto, Mississauga and Oakville areas of Ontario, Canada. This article will take you through all you need to know about 2011 New Personal Tax Credits and Deductions Canada.

2010 Personal Tax Deductions Canada

What can you deduct on your personal tax return for the 2010 taxation year? This article focuses on personal tax deductions for employees. If you are employed, there are number of expenses that you are able to deduct on your personal tax return:

2010 Personal Tax Tips Canada

In this article, I reveal the Best 2010 Personal Tax Return Tips that Revenue Canada doesn’t want you to know.

Tax Implications of Divorce and Separation in Canada

Divorce and separation can be an extremely emotional and difficult time in your life. To make matters worse, these life changes can lead to unwanted financial stress. Nevertheless, there are various tax saving opportunities that can help save you money throughout your marital transition.

Category: Personal Tax