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.

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.

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 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.

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.

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.

Income Splitting with Children in Canada

Income splitting with children means transferring income from yourself to your children in order to save tax. The reason that you’ll save tax is because you are in a higher tax bracket than your children.

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