Tax News
Winter Edition – Tax Tips and Traps
ON November 14, 2012Download a PDF version Year End Tax Planning Some 2012 year-end tax planning tips include: Certain expenditures made by individuals by December 31, 2012 will be eligible for 2012 tax deductions or credits including: moving expenses, child care expenses, safety deposit box fees, charitable donations, political contributions, medical expenses, alimony, eligible employment expenses, union professional […]
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2012 Fall edition of Tax Tips and Tricks
ON August 21, 2012PERSONAL TAX CHILDREN’S ARTS TAX CREDIT (CATC) In a May 24, 2012 Technical Interpretation, CRA notes that an optional annual fee paid to a fund organized by the Music Parents Society as an optional school trip, would be an eligible CATC if the membership in the Organization is not part of a school’s curriculum, the […]
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2012 Spring Edition – Tax Tips & Traps Newsletter
ON June 23, 2012PERSONAL TAX DO YOU HAVE TO FILE A RETURN? You must file a tax return for 2011 if any of the following situations apply: you have to pay tax for 2011; CRA sent a request to file a return; you and your spouse or common-law partner elect to split pension income; you received Working Income […]
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2011 T1 Personal Income Tax Checklist now available!
ON March 6, 2012My 2011 T1 Personal Income Tax Checklist is now available. This list is not meant to be fully comprehensive but will help you to identify, collect, and collate your information that you will need to provide me in order to complete your tax return. As always,everybody’s individual tax situation is unique and I will likely […]
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2012 Winter Edition – Tax Tips & Traps Newsletter
ON February 7, 2012As we are now in early February, RRSP season is in full swing and tax season is right around the corner. This 2012 Winter Edition of the Tap Tips & Traps includes details on: • The new Children’s Art Tax Credit for 2011 • A hiring credit for small business owners • Changes to the […]
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2011 Q4 Newsletter – Tax Tips and Traps
ON January 11, 20122011 Year-end tax planning tips and considerations, changes to CPP, a charity tax scheme and more. Download it here [pdf]
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2011 Q3 Newsletter – Tax Tips & Traps
ON September 1, 2011The Q3 newsletter is now available. Big news on the relationship front and common law issues, being an employee vs an independent contractor, the simplified auto log-book which will make things a LOT easier, and more… Download it here [pdf]
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2011 Q2 Newsletter – Tax Tips & Traps
ON September 1, 20112011 Q2 is tad bit late, but finally here. Some interesting points on medical expenses, salary paid to your spouse, charitable donations schemes and how to protect yourself, notes on the 2012 CPP, TFSA points and other… enjoy. Download it here [pdf]
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2011 Q1 Newsletter – Tax Tips & Traps
ON March 23, 2011My first newsletter of 2011, it contains some tax tips and traps for the upcoming personal tax season. Thanks to Sally Bell of Whitespace Design for design and layout of the newsletter. Download it here [pdf]
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RRSP Deadline for 2010
ON February 7, 2011This year, the deadline for making RRSP contributions towards your 2010 tax year is Tuesday, March 1, 2011. The maximum amount that you can deduct for the year will be identified on last year’s notice of assessment. Also, a reminder not to purchase excessive RRSP’s. If you exceed your contribution limit by more than $2000, […]
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