Articles

Important changes to tax-filing and payment deadlines

Important changes to tax-filing and payment deadlines

On March 18, 2020, Prime Minister Justin Trudeau announced the government is introducing an economic aid package to help Canadians and businesses cope with the COVID-19 pandemic. The package provides…

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Employment Expenses (Quick Summary)

Employment Expenses (Quick Summary)

Many people do not realize that they may be eligible to deduct expenses related to their employment. It is not necessary that you have to be self-employed. You can do…

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Should Canadians be Putting their Money into a TFSA?

Should Canadians be Putting their Money into a TFSA?

Now that the Tax-Free Savings Account (TFSA) contribution limit has grown to $6,000 per year, this has the potential to help Canadians save more of their income. As an increase…

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Property Assessments and The Home Owner Grant

Property Assessments and The Home Owner Grant

The Increase in Property Assessments Home owners must have noticed the assessed value of their properties rising drastically, with an average of 30% to 50% for most single-family homes. This…

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Changes to your Tax Return

Changes to your Tax Return

Changes to your Tax Return Filing your taxes can be a simple or complex process depending on each person’s circumstances. Sometimes, people can forget to provide their accountant with certain…

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Disputing a Tax Assessment

Disputing a Tax Assessment

It is common for individuals to face situations where they do not agree with a tax assessment. This can be caused by processing error or different interpretations of the same…

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The Disability Tax Credit

The Disability Tax Credit

In our experience many people do not realize that they or a loved one may qualify for a Disability Tax Credit. This credit reduces your tax payable which therefore increases…

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Medical Expenses You May Not Know About

Medical Expenses You May Not Know About

Medical Expenses Most individuals realize that costs associated with prescription medicines, prescription lenses, and dental expenses are all valid. In our experience, there are many aspects of medical expenses that…

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How To Structure A New Business

How To Structure A New Business

Starting a business is a big step on the path to financial freedom. In our experience many individuals do not properly plan the structure that is best suited for their…

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The Registered Disability Savings Plan

The Registered Disability Savings Plan

Planning for the future when having limited earning capabilities can be difficult and a cause of concern for those affected. The Canadian Government introduced a program in 2008 to help…

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Changes to Your 2016 Tax Return

Changes to Your 2016 Tax Return

The following are a few key changes to your personal income taxes. -Elimination of Spousal Income Splitting Income splitting allowed tax payers to split up to $50,000.00 of their income…

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