April 2, 2014

Common-Law Relationships – Impact on Filing your Taxes

By |2017-01-02T20:23:16-07:00April 2nd, 2014|Personal Taxation|

Common-Law relationships are common in today's society. Unfortunately, many people do not know that they have an obligation to inform the Canada Revenue Agency of this change in their marital status. In CRA's view, you become common-law with someone when the following happens: You are involved with a person who is not your spouse, with whom you are living in a conjugal relationship, and to whom at least one of the following situations applies. He or she: has been living with you in a [...]

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May 30, 2013

Taking Advantage of Personal Tax Credits: Part 7

By |2017-01-02T20:23:16-07:00May 30th, 2013|Personal Taxation|

When filing your taxes, there are numerous personal tax credits available that will help you offset the federal (and sometimes provincial) taxes owing on your tax return. We previously discussed how tax credits affect your balance owing. In this posting we will be providing you with some relevant information about a few of these tax credits. Please note that technical data below has been taken from the Canada Revenue Agency Website at the following link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/menu-eng.html Line 330 - Medical [...]

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Taking Advantage of Personal Tax Credits: Part 6

By |2017-01-02T20:23:16-07:00May 30th, 2013|Personal Taxation|

When filing your taxes, there are numerous personal tax credits available that will help you offset the federal (and sometimes provincial) taxes owing on your tax return. We previously discussed how tax credits affect your balance owing. In this posting we will be providing you with some relevant information about a few of these tax credits. Please note that technical data below has been taken from the Canada Revenue Agency Website at the following link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/menu-eng.html   Line 319 - [...]

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April 13, 2013

Taking Advantage of Personal Tax Credits: Part 4

By |2017-01-02T20:23:16-07:00April 13th, 2013|Personal Taxation|

When filing your taxes, there are numerous personal tax credits available that will help you offset the federal (and sometimes provincial) taxes owing on your tax return. We previously discussed how tax credits affect your balance owing. In this posting we will be providing you with some relevant information about a few of these tax credits. Please note that technical data below has been taken from the Canada Revenue Agency Website at the following link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/menu-eng.html     Children's fitness [...]

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Taking Advantage of Personal Tax Credits: Part 3

By |2017-01-02T20:23:16-07:00April 5th, 2013|Personal Taxation|

When filing your taxes, there are numerous personal tax credits available that will help you offset the federal (and sometimes provincial) taxes owing on your tax return. We previously discussed how tax credits affect your balance owing. In this posting we will be providing you with some relevant information about a few of these tax credits. Please note that technical data below has been taken from the Canada Revenue Agency Website at the following link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/menu-eng.html Volunteer firefighters' amount You [...]

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March 20, 2013

Taking Advantage of Personal Tax Credits: Part 2

By |2017-01-02T20:23:17-07:00March 20th, 2013|Personal Taxation|

When filing your taxes, there are numerous personal tax credits available that will help you offset the federal (and sometimes provincial) taxes owing on your tax return. We previously discussed how tax credits affect your balance owing. In this posting we will be providing you with some relevant information about a few of these tax credits. Please note that technical data below has been taken from the Canada Revenue Agency Website at the following link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/menu-eng.html   Amount for children [...]

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