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All items tagged with: employment benefits

Tax Tip: Avoid Clawback of Your EI Benefits

Posted: March 06, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, rrsp, tax courses, employment insurance, financial education, online education, employment benefits, EI Benefits, clawback, EI repayment, layoff, Ontario EI

Are you a high-income earner—perhaps an executive, or seasonal construction or oil rig worker—who may  suffer a loss of employment?  For the 2017 tax year, the base amount for EI repayment is $64,125.  The amount is indexed year over year and if you get caught with income over this, you’ll likely be unpleasantly surprised when you file your 2017 return .  Here’s why:

Tax Tip: 10 Tax-Exempt Income Sources

Posted: February 12, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , capital gains, knowledge bureau, TFSA, Evelyn Jacks, tax exempt income, tax courses, online courses, Canada Child Benefit, online education, tax exemptions, exempt amounts, inheritances, lottery winnings, disability plans, GST credit, HST Credit, social assistance payments, Municipal Officers Expense Allowances, employment benefits

Love this tax tip: all income sources are not taxable. Here’s my top 10 favorite “dark horses” – exempt amounts most people don’t know about.