Stay tuned, and call me if you have questions: Charles M. Bruce: This change would align U.S. rules with that of just about every other country in the world The U.S. Congress has been mulling changes in the way American individuals abroad are taxed.Canadian Press Special to Financial Post November 7, 2017 10:26 AM EST…
Tag: tax
Did you have medical expenses? You may be able to claim them on your income tax and benefit return
Did you know? If you paid for hospital services, paid to live in a nursing home, or bought medical supplies such as pacemakers, vaccines, or walking aids, you may be able to claim a non-refundable tax credit based on these and other eligible expenses when filing your income tax and benefit return. Non-refundable tax credits…
Are you a newcomer to Canada?
If you are a newcomer to Canada for all or part of a tax year, you may need to file an income tax and benefit return if you have to pay tax, want to claim a refund, or receive benefits. Important facts It’s important to understand your tax obligations and the credits and benefits available…
Canada: Tax-Filing Tips For Employees
Last Updated: March 4 2016 Article by Samantha Prasad Minden Gross LLP As the tax-filing deadline closes in on us (it’s April 30), the scramble to find tax breaks, deductions, credits – anything really – to cut the tax bill begins. Last time, I covered a few tax-saving tips for investors. But there are plenty…
Tax changes to expect when you’re expecting
Congratulations! If you have a new baby or have a baby on the way, there are plenty of credits and benefits you may be eligible to receive. Important facts Automated Benefits Application – Save time and paperwork! When registering the birth of your newborn, the mother of the child can also consent to use the…
Most common tax mistakes to avoid
Did you know? Many Canadians make mistakes on their income tax and benefit return. The Canada Revenue Agency (CRA) has put together a list of the common mistakes we see from year to year. Take a look at these tips; they could save you time and money. Moving expenses – Line 219 of the return…
Life events can have an impact on your taxes
Did you know? Whether you just got married or divorced, had a baby, or lost a loved one, life events can affect your tax affairs. Important facts If your marital status changes, it’s important to let the Canada Revenue Agency (CRA) know as soon as possible. Getting married Change your marital status – You can change…
10 new features in the 2014-15 TaxCycle Suite
by Elizabeth (Trilogy Software) on Wednesday, November 19, 2014 2:00 AM Our software developers and tax analysts are hard at work completing a beefy list of new features for you to enjoy this season. Here’s a list of 10 of our favourites… 1. Options Profiles Possibly the most-popular feature requested by our customers… An easy way to share and control options for everyone in your…
Save yourself the trouble — get it in writing!
Before you decide to hire a contractor to do construction, renovation, or repair work on your home, ensure they are reputable and insist on getting a written contract and receipts. Be sure to ask a lot of questions, and ask for proof of workers’ compensation or equivalent private liability insurance to cover injury and any…
Protect yourself!
As Canadians get busy filing their taxes, the Canada Revenue Agency (CRA) reminds everyone to be cautious of fraudulent tax filing. If you are approached by a tax preparer offering larger refunds than other preparers, don’t be fooled! While the vast majority of preparers provide excellent service to tax filers, there are unscrupulous ones who…