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 ...
Some benefits individuals and businesses may qualify for, to help get through the Covid-19 pandemic. CANADA EMERGENCY BUSINESS ACCOUNT (CEBA) If you own a business, look into whether you can apply for CEBA. It is an interest-free loan available to ...
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, ...
Unfortunately in the world we live in, anything can be a scam - even a job! If a job sounds too good to be true - it probably is! Here are a couple common job scams that have been recently targeting Canadians. Car ...
The CRA is cracking down on real estate tax compliance.
Wednesday, July 10, 2019
So you're selling your property - the CRA is watching When selling your home or any other real estate you must correctly report the transaction. If you go without doing so it could lead to audits, back taxes, high interest, and let's face it a ...
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 ...
