Tax Deductions For The Self-Employed
It can be difficult to completely understand what does and doesn’t count as an expense deductible as a business owner. Many self-employed individuals can feel some confusion on what is considered a deductible expense. These expenses offset your income, lower your...
Canadians Are Running Out of Money In Retirement
A survey conducted by the Bank of Montreal asked Canadians over 55 years old about their concerns of running out of money during retirement. The study by BMO showed 51% of respondents are concerned about health problems and costs, 47% are afraid they will run...
First Time Home Buyer’s Tax Credit 2017
The Home Buyer’s Tax Credit (HBTC) is offered for first time home buyers as a non-refundable credit which allows home buyers to claim a tax refund in the year that they purchased a home. If yourself or someone you know has purchased a home in 2017, they may be eligible for this tax credit.
The Reality Of Owning A Rental Property
Having worked for one of Canada’s largest Real Estate Developers as well as Canada Revenue Agency’s Rental Property Section - not to mention being a landlord for over 30 years myself - I have developed unique evaluation tools that allow for my clients to...
RRSP vs TFSA: What’s Right For You
A topic of conversation that’s frequently brought up with my clients is about savings and retirement. As a common discussion, it’s important for everyone to learn more about the difference between RRSPs vs TFSAs and the benefits of both. When considering which...
How To Deal With CRA Scam Phone Calls
Over the past month or so we have had many clients calling and asking about CRA phone calls. These phone calls are imposters of the CRA (Canada Revenue Agency), trying to scam you. But don't worry! We are going to give you the run down on what to expect when...