7 Apps to Help You with Your Taxes

by | Software Reviews, Tax Issues

Filing taxes can be a complicated matter, whether it’s trying to understand the terms or figuring out the forms.  You may not know what to include in your deductions or how to count a donation.  You may be concerned about the changes in the tax laws since last year,...

Tax Tips for Families with Children

by | Tax Issues

It seems that children are involved in more structured activities, and increasingly expensive activities, with each generation. With organized sports, piano lessons, and not to mention childcare, parents are increasingly feeling the financial burden of all of these...

Tax Tips to Avoid an Audit

by | Tax Issues

The fear of a Canada Revenue Agency (CRA) audit is enough to keep many Canadians up at night. However, there are several steps you can take to reduce the chances of a dreaded audit. Here are some hints and suggestions for you to avoid the hassle of a time consuming...

Taxes and Retirement

by | Tax Issues

The funds saved for retirement will be treated uniquely upon withdrawal. If you are nearing, or are in retirement, it is critical that you understand how your retirement nest egg will be treated from a tax perspective. Retirement Income- 1099R Income received will be...

Tax Tips for Home Based Businesses

by | Tax Issues

Many Canadians are now operating their own business, and most of them do so from their own home. If you’re one of these Canadians, you’re going to want to start managing your taxes to reduce the amount of taxes owing related to your new venture. There are number of...

Tax Credits- Life Changes and AMT

by | Tax Issues

As you prepare your 2011 tax returns, be sure to educate yourself on the possible changes in the tax code this year. Two new credits have been increased. Do they apply to you? Did you Experience any Significant Life Changes in 2011? If you experienced  a major life...