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Hike in mortgage rates affects l

Mortgaging is one way because of which most Canadian citizens survive. Most of the citizens use the facility of finance loans to meet their expenditure, at the cost of having their property mortgaged. Also, since the interest is mostly found

Income Splitting by High Income

31st May: High Income professionals of Canada have been getting huge tax benefits for decades by income splitting. Yes, this has been proved by a recent study undertaken by top researchers of Canada. Income splitting by high earning professionals—High income

No Canada Housing Bubble—FM

Canada, 21st May: Canada housing market is not in any bubble. This has been affirmed by Canada Finance Minister Joe Oliver. No bubble in Canada housing market—Canada housing market is not in a bubble. This has been clarified by Canada

Canadians Over-exposed to Mortga

The housing market in Canada is in a very volatile situation. Prime Minister, Mr Stephen Harper has warned his countrymen that many of them are overly exposed to mortgage debt. But he believes that the markets will bounce back and

3 Tips for Finding Expert Witnes

Expert witnesses can bring respect and authority to your case. If you’ve never used one before, however, you might find yourself at a loss when it comes to finding them. Here are just three tips for locating and utilizing an

How Education Tax Breaks Work?

There are three different types of Education Tax Breaks: 1) The American Opportunity Credit; 2) The Lifetime Learning Credit; and 3) The Tuition and Fees Deduction. These credits are not easy to understand as each of it has different eligibility

Human Error Helps In Extending T

The deadline for Canadians to file their annual income tax returns is usually on the 30th of April every year. But thanks to what is being claimed as “human error”, an incorrect notification was sent to those who prepare taxes

Canadians Can Start Contributing

After the 2015 budget announcement of the Conservative government, nearly doubling the contribution limit for the Tax-Free Savings Account (TFSA) to $10,000 from $5,500, the Canada Revenue Agency (CRA) has confirmed saying that Canadians can now start contributing to their

The Coming Canadian Pre-election

The rich Canadians have a lot to cheer about. The coming budget seems to be designed for them! And every possible opportunity has been used by the government to herald the contents of the budget as a build-up to the

Claims of Politically Motivated

There are widespread allegations that Canada’s Stephen Harper government is using the Canadian Revenue Agency (CRA) to harass selective organisations that raise their voices against certain anti-environment policies of the government, and some random citizens who are caught unawares. The