In these challenging economic times and with volatile markets everywhere it can be hard to know where to turn for sound financial advice. At Simple Ways To Reduce Your Taxes And Grow Your Investments, Sharon Numerow and Fasial Karmali will break down how easy it can be for anyone to take control of their […]
Should I Invest In A Rental Property? Some taxpayers believe that investing in a rental property is a better alternative to mainstream investing. If you are considering investing in a rental property there are some pros and cons to keep in mind. In most situations you will be required to claim the rental income earned. One […]
The Mysticism of Income Tax Refunds Every taxpayer hopes for a tax refund. We explain to our clients that an income tax refund most often, is simply a return of your own money. For employees, your employer is obligated to remit income tax to CRA from each and every paycheque. Employers must follow payroll tables […]
Overcontributing To Your RRSP Can Be An Expensive Mistake An RRSP is one of the best investment tools that many Canadians use to save for their retirement. Saving for your retirement also allows for a deduction on your tax return that provides you with tax savings. There are strict rules surrounding the RRSP contribution […]
Do You Understand the Benefit of a TFSA? Many Canadians still don’t understand the benefits of a TFSA. MoneySense Magazine reported that only 1 in 5 Canadians can truly explain a TFSA. This acronym stands for Tax Free Savings Account; many of us believe that the government should have more appropriately named it the Tax […]
Don’t Leave Thousands of TAX Dollars on the Table in Your Divorce It’s critical to negotiate tax return issues in your agreement! At such an overwhelming time in our life, we could certainly use compassion and sensitivity but Canada Revenue Agency has become hyper focused on ensuring divorcing taxpayers are following the rules […]
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