Tax Tip Thursday

This week, we are doing things a little bit differently. Of course, every year there are tons of questions about taxes. Often they are very similar, but this year has brought in a few new ones.

To get answers to these questions, use the player above to listen to the show!

1. Why do I have to pay taxes?
2. How much of a refund am I getting back?
3. Is there a way to minimize my taxes/How do I pay less tax?
4. Do I have to file a tax return? I don’t owe any money.
5. Do I have to file my taxes with my partner, or can we file separately?
6. How do I get my Climate Action Incentive (CAI) credit?
7. When will I get my refund?
8. I renovated my house. Can I deduct it?
9. When do I have to file my tax return by?
10. I need some extra money — can I withdraw it from my RRSP?
11. Do medical expenses make a difference in reducing tax I have to pay?
12. I collected CERB — do I have to pay tax on that?
13. I married an accountant. Why do I still have to pay taxes?

To get answers to these questions and more, use the audio player at the top of the page to listen to this week’s radio show! Having trouble with it? You can also listen to it here: https://soundcloud.com/user-865582206/april-1-2021-top-10-tax-questions

Looking for clarification?

Do you have some questions I didn’t answer?

I will be happy to answer any questions you have. Just give me a call or book an appointment!

Disclaimer:

This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal or tax advice nor can it or should it be relied upon. All tax situations are specific to each individual. If you have specific tax questions you should book an appointment for a 1 on 1 consultation.