Tax Avoidance, Financial Stress & Well Being
Earlier this month, Statistics Canada published a report titled Stretching the Loonie: a time series analysis of financial difficulty and quality of life. The report is based on a nation-wide survey and the results are concerning. They reveal a serious trend and it is possible this is contributing to the late filing trend we are seeing this tax season.People in the News
Gain Confidence as a Master Financial Advisor - Business Services Specialist™:
Life Purpose
“Good thinkers are always in demand. A person who knows how may always have a job, but the person who knows why will always be his boss.” John C. Maxwell
How Are Auto Expenses Claimed?
The rules for claiming automobile expenses are similar for both employed and self-employed people, and they are also among the most frequently audited. Taxpayers will want to keep proper documentation and make the claims correctly.
Students and their Parents Lose Ground the Term
Despite a CRA new release which tells students they will be saving more on their taxes this term, students and their parents will actually pay more tax in 2017 due to the March, 2016 budget. Here are the details that students, parents and tax preparers need to know about as they spend money on their education in 2017:
Canadians Are Spending on Housing
Albertans lead the country on spending money, based on a new survey on household spending released at the end of January by Statistics Canada. The figures are indicative of tax and financial planning opportunities required by families at all ages.
End-To-End Advisor-Client Experience Important
The RRSP deadline for those making contributions to reduce their 2016 tax liability is fast approaching: midnight March 1. It’s important to get this done on time as a good Plan A, but also, to do so in conjunction with a long term financial planning outlook, as an even more important go-forward plan.
