by Juliet Aurora | Mar 15, 2011 | Personal Tax
And the series of Tax Tips continues…this week’s information will be helpful to those individuals who purchased a home for the first time. This tax credit was introduced in 2009 and is completely independent from the Home Buyer’s Loan program by CRA. If you are a...
by Juliet Aurora | Mar 10, 2011 | Industry News and Views, Personal Tax
Tax Tip #4 in our Series of Tax Tips…. A new change came into place in 2010 which affects the medical and dental expenses which can now be claimed for tax purposes. Medical or dental services or related expenses which are provided for purely cosmetic purposes are no...
by Juliet Aurora | Mar 8, 2011 | Business Strategy, Business Tax, Industry News and Views, Personal Tax
Here is the next tip in our series of Tax Tips. There is usually an added benefit if payments for charitable donations for two years are grouped into one year. This is due to the fact that the first $200 of donations is eligible for a 15% federal non-refundable credit...
by Juliet Aurora | Mar 4, 2011 | Business Challenges, Business Owners, Business Strategy, Business Tax, Industry News and Views, Personal Tax
The RRSP Deadline for 2010 was March 1st, so if you haven’t already contributed, you can’t for last year. But this year is a whole other story…. For business owners, an RRSP is your only pension fund. There is no large corporation ensuring you...
by Juliet Aurora | Feb 18, 2011 | Industry News and Views, Personal Tax
In 2010, the Ontario Government introduced a tax credit similar to the Federal Children’s Fitness Credit for children under the age of 16. However, Ontario has expanded the range of eligible activities and includes music lessons, language lessons, drama and choir...
