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Tax Saving Options for Canadian

There are various options available for a Canadian taxpayer to save one’s valuable income which would otherwise be paid off as tax. You need to be aware of the options so that you can add them on when you file

CRA Tracking Unreported Income

The CRA has taken note of the increase in the practice of un-reporting one’s income. Many do it unintentionally as they are unaware of what is considered as income. But there are others who do it intentionally. For those who

How To Start Your Own Dream Busi

19th May: Do you want to know the steps to start your own dream business? If yes, then we will be discussing here some of the important tips to begin your dream business. So, here we go. Starting your own

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

How to Improve Your Credit Score

Maintaining a good credit score is important to get back on your feet – financially speaking. If you have been plagued by a poor credit score then you should be patient enough to go through the process of re-establishing 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

Tax Saving Strategies for the Se

There are various ways in which a self-employed person in Canada can save on taxes. A careful consideration of available options could help save you a chunk of cash. Home-Office Deductions As a self-employed Canadian citizen, when you use some

Escaping The Estate Tax Trap For

The IRS (Internal Revenue Service) is set to change the Estate Tax portability regulations. A request has been made to the IRS by the American Institute of CPAs that the present rules be changed and made more “family friendly”. One

Falling Alberta Real Estate Mark

Some of the top mortgage insurers of Canada are watching the failing real estate market situation with increased worry and alertness. They are planning to introduce tougher policy changes to counter the increase in mortgage defaults. Mortgage defaults were rarely