Personal tax Archives

Moving back to Canada: Tips for a smooth move for Canadian Expatriates

Author: Paul Kurucz Returning to Canada after you have lived in the U.S. or further abroad can be both exciting…and overwhelming. Exciting because Canada is a great place to live, work, and retire in, and overwhelming, too, because the move itself, with all the steps needing to be taken, can feel like a mountain to climb. … Continue reading

5 Tips on How to Save Income Tax in Canada

Are you a Canadian looking for strategic ways to save money on your income tax? Keep reading to find out five effective tips that you should be utilizing right now. Maximize RRSPs Make a contribution each year to your RRSP (Registered Retirement Savings Plan) to the maximum amount allowed (i.e. RRSP limit) for the year. … Continue reading

Taxation of Stock Options for Employees in Canada Watch Video

Did you receive stock options from your Canadian employer?

Income Tax Filing Alert: Important Changes Beginning in 2016

TAXATION Be aware of the changes that affect your 2016 income tax filing and beyond. As you gather your 2016 tax data together for your CPA, take a few moments to read about the following changes and assess the impact they may have on you and your family’s filing for 2016 and after. Principal Residence … Continue reading

A Lesson in Record Keeping

TAXATION The Income Tax Act requires you to keep all documents supporting your business activity; in an audit, the CRA will demand them. Keep Everything According to the Income Tax Act, taxpayers must keep “records and books of account … together with every account and voucher necessary to verify the information contained therein” for a … Continue reading

Finalizing Your 2013 Income Taxes

TAXATION Keep complete records and make use of all your eligible deductions. Yes, it’s time to start thinking about income taxes again. The Holidays are over and the credit card statements are starting to come in so you’re probably thinking about money anyway. But instead of thinking just about paying off your credit cards, it … Continue reading

New Tax Rate for the Canada Pension Plan (2016) Watch Video

The Federal Government is going to be taking more money from your paycheck

8 Ways to Reduce Taxes In Canada Watch Video

With the due date for Canadian taxes quickly approaching, have you ever wondered

Registered Disability Savings Plan (RDSP)

TAXATION Registered Disability Savings Plans help persons with disabilities save for the future. Having a disability or caring for an individual with a disability can be emotionally and financially draining. The Canadian government, recognizing the need to assist in the future care of an individual with a disability, has created a vehicle for persons with … Continue reading

Payroll Taxes for Canadians Temporarily Working in the U.S. Watch Video

Are you a Canadian planning on temporarily working in the United States

How to Reduce Your Taxes on RRSP Withdrawals Watch Video

Do you have a significant amount of money in your RRSPs and are concerned

How to Choose Your Next Tax Preparer Watch Video

Tax season is fast approaching and in efforts to gain your business

Trust No Accountant

Sanjeey Khatter, like many Canadians today, was in the dark as to how to file his taxes. Therefore he took on a tax preparer to assist him with his financial needs. What occurred after was an unfortunate mixture of poor judgment and severe carelessness.

Don’t Wait Till Tax Season – Prep for Your Taxes Now! Watch Video

Are you frustrated during tax season trying to get all your receipts together?

Tax Tips for Young Professionals Watch Video

Are you a young professional that’s just starting to handle your own finances?

Tag: Personal tax