Tag: Personal tax

Can we reduce our revenues by the dividends we paid?

No, dividends are not an expense.  

As an individual, how can I minimize my overall tax burden this year?

We have completed an excellent and in depth guide called “20 tax tips to beat the tax man for 2011”. This amazing book can show you great ways to minimize your tax burden and help you maximize your tax refund.  You can get it through this website here.  

I paid interest on my student loans this year, can I claim these as an expense?

Yes, you can deduct the interest paid on student loans for the year off of your taxable income. You may be eligible to claim an amount for the interest paid on your loan in 2011 for post-secondary education if you received it under: the Canada Student Loans Act; the Canada Student Financial Assistance Act; or … Continue reading I paid interest on my student loans this year, can I claim these as an expense?

What Happens To Your Child’s RESP When You Leave Canada?

You have to be a Canadian resident to receive the government grant related to RESPs. The tax-sheltered status of the RESP only applies to Canadian residents. If the subscriber or account owner is a non-resident, they might have to pay taxes on any income earned in the RESP account as well as capital gains, according … Continue reading What Happens To Your Child’s RESP When You Leave Canada?

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

This short article reveals 5 ways to save tax on my 2011 personal tax return.

2011 New Personal Tax Credits and Deductions in Canada Watch Video

Hi, my name in Allan Madan; I’m a chartered accountant and tax expert

2010 Personal Tax Deductions Canada Watch Video

What can you deduct on your personal tax return for the 2010 taxation year?

2010 Personal Tax Tips Canada Watch Video

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 Watch Video

Divorce and separation can be an extremely emotional and difficult time in your life.

Income Splitting with Children in Canada Watch Video

Income splitting with children means transferring income from yourself to your children

Tax Settlement Amnesty Services in Mississauga Watch Video

How do I settle taxes owing with the Canada Revenue Agency?

How to Save Personal Taxes in Canada Watch Video

Are you tired of paying too much tax in Canada?

How to Save Taxes in Canada Watch Video

Taxes are burdensome. How can I save taxes in Canada? I’m sure you have all asked yourself this question before,

How Do I Save Tax in Canada? Watch Video

How do I save on tax in Canada? This is the million dollar question that everyone wants an answer to.

Income Splitting in Canada Watch Video

Income splitting simply means subdividing your income amongst your family members in order to save taxes.
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