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We prepare a lot of tax returns, so we have seen it all. Many forget or don’t even realize they may be eligible to claim tax deductions or credits. So here is our list of the top 10 most overlooked tax deductions and credits (in no particular order). 1. Ontario...
Upon the death of a loved one, the executor will have a list of responsibilities to fulfill, including closing the file on tax obligations and debts. The executor must first inform the Canada Revenue Agency and Service Canada of the death. This is to ensure that all...
As a new year begins, here are some of the tax rules and changes to keep in mind. First-Time Home Savings Account (FHSA)The FHSA is a new tax-free savings vehicle for first-time home buyers to save up to $40,000 tax-free towards the purchase of a first home in Canada....
Many of our clients ask us how to register for a CRA account. We’ve outlined the process below. CRA’s My Account is a secure portal for viewing and managing your income tax information online. You can check for your refund, check benefits and credit payments,...
If you’re looking for a good book where you can actually walk away with takeaways, then I’ve got a terrific list of personal finance and business books for you. I’ve read each of the books on my list, so I can personally attest to each of my...
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