Are you curious what the Federal Budget looks like? Download this informative pdf to learn what benefits or claims will affect you. It outlines how to handle COVID-19 benefits and deductions, as well as changes to the tax claims for 2021. Some of ...
How would you like a little bit extra money in your retirement fund? If you're able to defer your CPP and OAS benefits until age 70, your payments will increase? The standard rule of thumb would be to start receiving CPP as soon as you are eligible, at ...
CRA Introduces Multi-Factor Authentication The Canada Revenue Agency (CRA) is introducing a Multi-factor authentication (MFA) process to enhance the security of its online services and ensure the safety and protection of taxpayer information. When ...
How to avoid being scammed by people claiming they are from the CRA. Scam or legitimate call? You may have received a call saying they are from the government telling you that you have a warrant out for your arrest? It may be a recording or an actual ...
When preparing your taxes for next year, give this some thought. Every year, the amount of tax owed is calculated in the normal way. However, there is an Alternative Minimum Tax (or AMT) designed to make sure that high income earners do not pay little-to-no ...
Starting early can help children understand the value of money.
Tuesday, August 11, 2020
Teach your kids how to handle their money If you're a parent, you'll want your children to live happy and healthy lives. Being financially independent is an important aspect of that. Teach them good habits when they're young, ...
Did you know that businesses are just as prone to scams as you are? The CAFC (Canadian Anti-Fraud Centre) reported that they received over 2,500 reports of business fraud with a total reported loss of over $17,000,000 in 2018. These numbers ...
Tax season is quickly coming to an end on April 30th. If you have already successfully filed your taxes before the deadline then this blog is not meant for you. If you are a procrastinator and haven't sent in your return yet - keep ...
We all know how difficult it is to figure out what you can and cannot claim on your tax return. Here are some strange things that people have tried to claim. Enjoy! Lottery Tickets Who doesn't love a good scratch-off ticket? Unfortunately lottery ...
When grieving for a loved one the last thing on your mind is their tedious tax obligations. Here are some important steps to help you through! Decide on an Executor An executor (Personal Representative) is someone who ...
