News

All items tagged with: Tax

Average Refund Is $1678 - 84% File Online

Posted: August 09, 2016 By: Evelyn Jacks
Posted in: Breaking News , Tax Planning, CRA

Electronic filing is all the rage in Canada, as close to 750,000 more people chose to file their returns electronically in the 2016 tax filing season, for the 2015 T1 returns. One compelling reason: the average tax refund of $1678 hits your bank account sooner when professionals use EFILE or individuals use NETFILE. Close to 10 million people had those cheques electronically deposited.

It’s Back To Tax School Month:  Brush Up On Six Tax Tips

Posted: August 09, 2016 By: Walter Harder
Posted in: Breaking News , Tax Planning

There are several tax credits that students, their parents and teachers should be sure to claim on their 2016 tax returns. Here’s a synopsis of them; the trick is to keep documentation for the claims now.

Budget 2015 - Detailed Personal Tax Roundup

Posted: April 21, 2015 By: Walter Harder
Posted in: Breaking News, Economic News, Investment & Retirement, Succession & Estate Planning, Tax Planning , Tax, Budget 2015

Self-sufficiency in self-funding future retirements is clearly an issue and the big news coming out of this budget is the opportunity to do so.

Scenario 1: Young Couple No Children

Posted: April 21, 2015 By: Walter Harder
Posted in: Strategic Thinking, Investment & Retirement, Succession & Estate Planning, Tax Planning , Personal Tax, Budget 2015

Michael and Jessica are a young couple living in their condo in Vancouver.  How will the budget affect them?

Scenario 2: A Young Family

Posted: April 21, 2015 By: Walter Harder
Posted in: Strategic Thinking, Investment & Retirement, Succession & Estate Planning, Tax Planning , Personal Tax, Budget 2015

Matthew and Ashley live in Winnipeg. They have two children, ages 3 and 5.  They own their own home. 

Scenario 4:  Seniors Without TFSAs

Posted: April 21, 2015 By: Walter Harder
Posted in: Strategic Thinking, Investment & Retirement, Succession & Estate Planning, Tax Planning , Personal Tax, Budget 2015

Robert and Jackie are contemplating retirement.  Robert is 65, earns $55,000 from employment and also receives a $24,000 pension.