NETFILE is now easier to use
Last year, more than five million Canadians filed their own tax returns online using the Canada Revenue Agency’s NETFILE system. This year, the CRA has made it even easier to use NETFILE and it is...
View ArticleIf you’re separated but living at the same address, expect some tax issues
It is becoming more common for separated couples to remain at the same address while they work through the details of their separation or divorce. Typically they do not have the financial resources to...
View ArticleNine ways to claim your children
Only nine days before the 2012 personal tax deadline. If you are a procrastinator and still need to file your return, here are nine ways your kids can help you at tax time: Childcare expenses are a...
View ArticleEight ways for seniors to save on their taxes
In most cases, older taxpayers tend to have more complicated returns. But, they also have a few more ways to save on their tax returns. Here are eight ways for seniors to maximize their tax returns:...
View ArticleSeven days to go, seven ways for investors to save
Whether you are claiming losses or gains, having investments or a rental property can make your return more complex. With seven days to go before the deadline, here are seven tips for investors looking...
View ArticleOn the sixth day before the deadline, we are offering six tips for students
As the countdown to the deadline continues, we celebrate the sixth day before April 30 by focusing on student tax credits. If you attended a post-secondary institution in 2012, here are some tips for...
View ArticleFive days to deadline: five reasons to file your return
With only five days left until the deadline, procrastinators are running out of time. If you are putting off filing your return and aren’t worried about April 30, here are five good reasons to file...
View ArticleFour days to go and four life events that will change your return
If you had a life change in 2012, you may notice a difference on your tax return when you file. As we continue to count down to the deadline, here are four life changes that can make a difference on...
View ArticleOnly three days left, so here are three tips if you can’t pay your balance
Many people who avoid preparing their tax returns are afraid they will owe money. And sometimes, you complete the calculations and you owe more money than you expect. Here are three tips if you owe and...
View ArticleTwo days and two deadlines
Here are two tips for meeting the right tax deadline for you: For people filing a personal tax return, the deadline is April 30, although there is no penalty for filing late if you do not owe money. If...
View ArticleToday is the deadline. Are you ready?
So you have waited until the last minute to file. Here are some tips to make sure you meet the deadline: If you owe money and are using the mail, your envelope must be postmarked on April 30 to be...
View ArticleTaxpayers affected by spring floods get extension
Natural disasters do not pay attention to tax deadlines; they can strike any time. This year, Canadians in Saskatchewan, Manitoba and Ontario are battling flood waters and are focused on dealing with...
View ArticleClaiming medical expenses involves many rules
Medical expenses can only be claimed to the extent that they exceed 3 per cent of your net income, so having more expenses usually leads to bigger tax savings. That means it is important to keep all...
View ArticleNew Ontario budget promises to change the Ontario Trillium Benefit
Two years ago, many Ontarians were caught off-guard when the last Liberal government removed the Ontario sales and property tax credits from the tax return. The move was part of the HST introduction...
View ArticleMoving for work this summer may be a tax deduction
Summer is a popular time to move for many reasons. This includes the absence of snow and, if you have children, the ability to have them ready to start at a new school in September. No matter how far...
View ArticleFast condo sales could lead to trouble with the tax man
There have been media reports that the Canada Revenue Agency is scrutinizing condo sales a little more closely, especially in the Greater Toronto Area. Although every taxpayer receives a capital gains...
View ArticleYou can fight the taxman
According to the latest numbers from the Canada Revenue Agency, more than 22 million Canadians have filed their tax returns. That means the CRA will be mailing more than 22 million Notices of...
View ArticleWhere else can I go for help?
Trying to navigate the tax system can be frustrating when you are trying to solve an issue. You attempt to explore all avenues when dealing with the Canada Revenue Agency and you try to work towards a...
View ArticleCRA moves to help parents hold on to scarce daycare spots
In some cities, finding a daycare spot is a competitive sport, and there are often waiting lists involved. So when a family becomes pregnant with another child, the parents may decide to keep their...
View ArticleShoeboxes and receipts are not a good mix
Millions of Canadians are considered self-employed at tax time. And most people start their business receipt filings with the best intentions, and think keeping everything in one place is enough. Or...
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