Tag: Personal tax

Understanding Canadian tax shelters and their benefits.

What do you know about tax shelters in Canada? It may be associated with tax evasion, illegal schemes, or other bad practices – however, not all tax shelters are bad news! Learn more through this week’s Tax Tip Weekly!

What Do You Know About Canadian Tax Shelters? Watch Video

What do you know about tax shelters in Canada? It may be associated with tax evasion,

2015 Canadian Federal Budget – Tax Cuts and Reliefs

Tabled on the 21st of April, the 2015 Canadian Federal Budget while premised on fiscal austerity, looks to expand on existing benefits and tax reliefs for individuals, families, seniors and small business owners. Let’s take a look at how this impacts the varying demographic groups and what this may potentially mean for you.

2015 Canadian Personal Tax Filing Deadline Extended

Struggling with finishing your income tax return? Rushing towards the April 30th cut-off? Well Canadians, there has been a human error – or some may see it as a human hero – which has extended the personal tax return filing deadline.

What are the Most Common Taxable Benefits for Employees? Watch Video

If you have a job and are concerned about paying too much in taxes then this article is for you.

Filing Taxes: Benefits for Those with Modest Incomes

Do you or someone you love live on a modest income? Find out how filing taxes can help! In todays’ world, paying for everyday essentials like heating bills and property taxes can add up quickly – especially for those with modest incomes. that’s why it’s so important to file a tax return each year. By … Continue reading Filing Taxes: Benefits for Those with Modest Incomes

Top myths about the family tax cut debunked.

Are you confused about the family tax cut? Do you want to know the facts and myths? Read this blog to find out how the family tax cut can benefit you in this tax season

What are the Top 5 Myths of the Family Tax Cut? Watch Video

Are you confused about the family tax cut? Do you want to know the facts and myths?

Common taxable benefits for employees explained.

If you have a job and are concerned about paying too much in taxes then this article is for you.  In this article, we will review the two most common taxable benefits that are provided by employers to employees.

How Is Investment Income Taxed? Watch Video

Keep reading to learn about how investment income is taxed to you personally,

How Is Investment Income Taxed?

Keep reading to learn about how investment income is taxed to you personally, and the tax deductions that you can claim to reduce the taxable amount of investment income.

Foreign Income Verification Form (Form T1135)

  To make sure your foreign income verification process goes smoothly, the foreign property that must be recorded on the T1135 includes: Funds in foreign bank accunts Shares in foreign companies, even if held in a Canadian brokerage Interests in non-resident trusts bonds or debentures issued by foreign government or foreign countries Life insurance policies … Continue reading Foreign Income Verification Form (Form T1135)

5 Pitfalls to Avoid While Doing Your Personal Taxes Watch Video

With the upcoming personal tax filing season just around the corner

What Work Related Costs Can I Claim as an Employee? Watch Video

Being an employee has certain tax benefits. In fact, you can claim certain costs

What Work Related Costs Can I Claim as an Employee?

Being an employee has certain tax benefits. In fact, you can claim certain costs of going to work against your taxes. This will reduce your tax bill.

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