Tax Tip Thursdays with The Mad Accountant on 105.5 HITS FM
We are on the radio every Thursday morning at 8:10, with Morning Den host Dan Pollard, giving YOU our latest tax tips. You can listen to highlights and full episodes below, and even engage in discussion with us using the blog posts at the bottom of the page. Hear something you like? Please don’t hesitate to give us a call.
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TTT: Lifetime Capital Gains Exemption
Selling your business? You could save hundreds of thousands of dollars in taxes if you do it properly. Learn about the Lifetime Capital Gains Exemption today.
TTT: Separation & Support Payments
Splitting up with your spouse? It happens, and we're sorry to hear about it. Child support is a difficult topic, but there are tax implications! Learn more about them here.
TTT: Taxes and Summer Fun
Going camping this weekend? Got kids in daycare? You might be able to claim those expenses! Learn how today.
TTT: CERB Repayment
The government is not shy about asking for their money back if they think you took something you shouldn't have. Did you get a notice? Learn how it affects your taxes and how to pay it back.
TTT: CRA Audits & Reviews — Not the Same Thing!
You've got mail! Did you open it? You really ought to. This year's reviews are focusing on home office and automobile expenses, disability tax credits, and HST rebates for businesses.
TTT: Tax Implications of Insurance Payouts
Did your property or business get affected by the tornado? I'm very sorry to hear if it did. Many people are receiving insurance payouts, but it's important to make sure you claim everything properly on your taxes next year!
TTT: CERB — Are You On the Hook?
Lots of people claimed CERB when they weren't really eligible, especially in the early days of the pandemic. Unfortunately, the CRA wants their money back.
TTT: Cash Payout? Look Out!
Lots of people are getting really big payouts from their pensions, divorces, inheritances, and other places these days. Did you know that many of these payouts are taxable, and are often not taxed nearly enough at the source?