Are you paying late fees? Feel like you're scrambling to keep up with all the bills and payments on time? You're not alone. It can cost bigtime to be behind on these things. That's why it's so important to make a schedule!
Do you have unregistered investments? Are you paying interest on a non-tax-deductible loan or mortgage? Then you could save BIG next tax season with the Smith Manoeuvre! You could end up with thousands of dollars saved next tax season. But be careful, it can backfire if you don't pull it off properly. Make sure you get professional help.
Keeping your affairs organized is a great way to reduce stress and make things go much more smoothly when you need it all. This applies to all parts of life, not just your taxes!
Saving for your first home? With today's real estate prices, you might be saving a little longer than you'd like. To try to help, Canada has created the new First Home Savings Account! This new tax-free savings account could be the thing you need to boost your savings.
Did you look at Canada's proposed federal budget for 2023? There's not a lot in there for most of us, but it's definitely worth looking at!
It's a shame to say, but "tax season" and "scam season" are starting to be synonymous. Taxes are complicated, and scammers love to try to take advantage of people and trick them into giving up money or sensitive personal information. Stay informed! Don't fall victim. Learn how to stay safe.
Owning a rental property is not easy. And not just because of bad tenants! Even the financial side of it can be complicated, and it's important to make sure you get it done right or it could cost you big. If it were easy, everyone would do it! Hire an accountant to make sure you've got the business plan done well and know what to expect.
Have you been keeping up with your bookkeeping for your business? It's a task that many people fall behind on or just don't do at all, and it can cause some real headache. Especially around tax season.
'tis the season! Everybody is getting their T4s from their employers and it's time to file your taxes for last year. There can be some pretty significant penalties for filing or paying late, but there's never any penalty for filing early. Check your deadlines!
Upgrading your home to make it safer for yourself or a senior loved one? Make sure you claim that! But take care to make sure it's properly documented and that both you and the expense are eligible.
