Tax Blog

Allowable Business Investment Loss

Allowable Business Investment Loss

Allowable Business Investment Loss Supporting Documents What is ABIL? ABIL is a special type of allowable capital loss, this can ...
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CANADA CHILD BENEFIT

CANADA CHILD BENEFIT

OVERVIEW Canada Child Benefit is a tax-free monthly payment made to eligible families in order to assist them with expenses ...
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Monitor your Tax Refund

Monitor your Tax Refund

Generally, the CRA issues your tax refund within 2 weeks after you file your return electronically or within 8 weeks ...
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3 steps to take if you forgot to file your tax return

3 steps to take if you forgot to file your tax return

File as soon as you can There is a penalty of 5% of your previous balance owing, plus 1% of ...
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6 basic tax deductions

6 basic tax deductions

Here are 6 commonly missed tax deductions that you should keep in mind: Medical Costs: All the expenses you paid ...
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TFSA - Tax-Free Savings Accounts

TFSA – Tax-Free Savings Accounts

Save with the Tax-Free Savings Account. The Tax-Free Savings Account (TFSA) is a flexible, registered, general-purpose savings vehicle that allows ...
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Tax tips for retirees

Tax tips for retirees

Pension splitting: The spouse with higher pension income can split his/her pension income, transferring to the other spouse. The advantages ...
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Personal Income Tax Return Checklist

Personal Income Tax Return Checklist

Please make sure you have all the receipts and records we will need to help you minimize your taxes. We ...
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