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Taxes in different provinces of

The Tax rates differ in all the provinces of Canada. There are some provinces charging quite a large amount on the income, whereas there are some which may be charging less. Following is a comparative picture of the taxes being

The possibility of avoiding taxe

When you buy a property, and if it is a home then you are probably saved from paying a tax on the same. However, there could be many other forms of capital gains on which it may not be possible

Selected for Tax Audit? Get prep

Canada Revenue Agency (CRA) selects some files for the purpose of monitoring and inspection. When they intend to verify the income tax returns, the payrolls and the other documents which have been submitted by the tax filers, they send information

Penal Provisions for Tax Evasion

Canada has stricter rules in place when someone is caught into “tax evasion”. One may invite either a penalty in the form of “fine” or it could be a combination of “fine and imprisonment” both. The income Tax Act of

A reform in Payday Loans

Any reform in payday loan industry would be quite welcomed by the consumers as they have been facing quite tough consequences rather harassment from the lenders. Pay day loans on one hand come as “big and instant help” for many

How to spot a fake check

17th May: Want to know how to know whether a check is a fake one or a genuine? Here are the steps to find it out. Well, no doubt, it’s not so simple to do so. But knowing a few

A Better Understanding on “Soc

Social Security System in Canada includes variety of aspects like “unemployment insurance, old age benefits, disability and health care benefits” and similar ones. The first step towards Social Security System The first step towards enjoying the benefit of social security

Understanding credit rating and

When you approach a lender or a creditor for a loan, your credit rating has the capacity to make the process faster or even slow it down. Because, the first thing a lender whether it is an organisation or individual

Interest only Mortgages throw a

People have been experiencing turmoil when it comes to “mortgages” and “using a home’. Sometime, back there were changes made in the amortization period and down payment which held people back from buying a house according to their plans. And

The late return filers should ge

Every year more than 25 million Canadians pay taxes to the Government. They have now crossed the date of 30th April when they were supposed to pay the taxes and file their returns. About 8% of them fail to file