Monthly Archives: April 2014

This Years Tax Returns can Benefit your Grandchildren

This year your tax returns can benefit your grandchildren. The Globe and Mail has recently released an article outlining the benefits of placing this years tax returns into a Registered Education Savings Plan for your grandchildren. If you are debt free and receiving a tax refund, placing that refund in a tax sheltered RESP for your

Continue Reading →

Tax Credits for Home Buyers

Are you a first time home buyer? If so you can take advantage of tax credits for home buyers from the Canadian Revenue Agency. This credit allows first time home buyers to claim up to $5,000 on their new home for a savings of up to $750. The credit is available to all qualifying homes.

Continue Reading →

Canadian Revenue Agency Hacker Arrested – CRA Grants Additional Five Days to File in Light of the Heartbleed Scare.

In light of the recent hacking and shut down of the Canadian Revenue Agency, the CRA has extended the deadline to file your taxes by an additional 5 days, making the new deadline May 5, 2014. The Heartbleed scare and hacking of the CRA database has many Canadians worried about their personal security when filing their

Continue Reading →

Tough Tax Questions

Everyone has tough tax questions. Even though this years tax season coming to an end, its still good to ask those questions now so that you are prepared for next year. There may be questions you are nervous to ask, however ignoring certain situations could get you into trouble down the line, therefore it is

Continue Reading →

Tax Incentives for Employers

Are you an Ontario employer? Thinking of hiring some additional help for your business but not sure you can afford it? Consider employing a student or apprentice. Tax incentive for employers could allow you to receive a wide variety of government tax returns! Applying for these and other readily available grants, incentives and credits can

Continue Reading →