Category Archives: Tax

Tax Credit for Students

    If you or your child or spouse have attended university you should know that there are a the large tax breaks available to students.   Those who struggle with tuition fees and could benefit from the tax breaks the most are often the ones who are unaware of them or unaware of how

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Importance of filing your taxes early and respecting the deadline

People have the tendency to avoid their taxes for as long as possible and then often end up running out of time or into trouble. It is important to file your taxes filled as soon as possible. The benefits of filing as soon as possible, especially if you are expecting a return are: Pay less interest

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Tax and Financial Planning- Feb 05, 2015

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Medical Expenses Tax Credits

One of the most profitable yet least utilized tax credit by Canadians are medical tax credits. Canadians often simply forget or don’t bother to claim each individual medical expense because they may feel it’s too much work and not a high enough return. However, these expenses add up quickly and at the end of the

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Income Splitting

      Income splitting is the shifting of income from one individual who has a high tax rate to another person who has a lower tax rate. This is often done between spouses but can also be used between common law partners and parents and their children. Income splitting has the potential to provide

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