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All items tagged with: tax tips

Back to School Tax Tip: Understand and Use the RESP

Posted: September 01, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , Federal Government, knowledge bureau, Evelyn Jacks, tax tips, RESP, back to school, tax deductions, CESG, post-secondary education, Registered Education Savings Plan, Canada Education Savings Grant, saving for education, tax benefits, Education Assistance Payments, investment earnings, RESP contribution limits, government assistance for education, tuition fees

Did you know that dentistry, pharmacy, medicine and law are the professions with the highest undergraduate tuition fees in Canada, ranging from $10,000 to $18,000 per year? The average tuition fee for all faculties is just under $6,000 a year. With this in mind, most families could find it challenging to fund their family’s lifelong educational needs. The Registered Education Savings Plan (RESP) can help.

Going to School or Working Temporarily in the U.S.?

Posted: May 15, 2014
Posted in: Strategic Thinking, Tax Tips, Tax Planning , study abroad, student tax tips, work abroad

If you plan to attend school or work temporarily in the U.S., you may technically be deemed a U.S. resident for tax purposes.

Do You Know What Income is Tax Exempt?

Posted: February 10, 2014
Posted in: Strategic Thinking, Tax Tips, Tax Planning , tax tips, tax exempt income

As critical as it is to understand what income is taxable in order to avoid expensive penalties, it is just as important to know what income is tax exempt.

Growing Your Net Worth: Ask the Right Questions

Posted: September 10, 2013
Posted in: Strategic Thinking, Tax Tips, Investment & Retirement, Tax Planning , tax tips, personal net worth

When we look at the scope of tax assistance available for financial assets—inside and outside of a registered account—as well as non-financial assets like real estate, it helps us to develop a checklist of criteria to look for before making an investment so we can get to a point of evaluation in our investment activities. How well are we doing, year over year?

Evelyn Jacks: Professional Back to School Tax Savings Tips

Posted: August 27, 2013
Posted in: Breaking News, Tax Planning , Evelyn Jacks, back to school tax tips

Did you just drop a bundle on school supplies and performance-enhancing running shoes? Parental peer pressure from the mini-mes can be daunting this time of the year, especially if Mandarin lessons, dance, and hockey all appear on the agenda.