Do you own a business? Do you like to write off as much of your income as possible? Of course it's the smart thing to do, but only if you do it properly. The CRA will not take kindly to it if you try to abuse their deductions!
Going through a separation? This can be a very difficult part of life, and can be made even harder if you don't navigate the financial side properly.
Going through a separation? This can be a very difficult part of life, and can be made even harder if you don't navigate the financial side properly.
Do you own your small business? Is it a sole proprietorship? If you are thinking about making the switch, now could be the right time. Learn more about the pros and the cons, and make the right decision for you!
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.
