Top 10 Common Tax Filing Mistakes

by | Tax Issues

Tax season is in high gear, and April 15 is creeping closer, April 30th for Canadian readers. However, it’s important to double check your tax return — even if it is prepared by someone else. Anyone can make a mistake, and the information entered into a...

Why Students Should File Tax Returns

by | Tax Issues

Every year at about this time, advertisements for income tax services appear everywhere. Tax preparation services and the leading software providers post advertisements on billboards, radio, television and the internet. For the average full-time student, the subject...

Income Taxes and the Self-Employed

by | Tax Issues

According to Statistics Canada, just over 2.7 Million Canadians were self-employed in 2009.  That’s almost a 100% increase over the 1.4 Million Canadians self-employed in 1981.  Self employed business people and contractors have the luxury of certain tax deductions,...

Tax Tips: How to Maximize Your Tax Deductions?

by | Tax Issues

Spring is a beautiful season. It’s a season where the temperature slowly rises, the snow begins to melt and flowers start to bloom. Summer is fast approaching and for the majority of Canadians, we cannot wait! Spring also signifies that Tax Season is in full...