by OBS | Oct 25, 2021 | Financial Info, Investments, Taxes
Did you know RRSP’s need to be reported in the first 60 days in order to avoid a Tax Bill? Attention all RRSP-er’s! CRA will Adjust your Tax Return for failure to report your first 60 days of RRSP Contributions correctly....
by OBS | Oct 25, 2021 | Financial Info, Investments
What is over contributing in terms of RRSP’s? In Canada, the Government allows you to defer upto 18% of your annual “Earned” income, through the use of Registered Tax Deferal Plans, These Plans are usually refered to as RRSP’s, Pension Plans...
by OBS | Oct 25, 2021 | Financial Info, Investments
Thoughout our 25+ year’s of completing Income Tax Returns, we are still amazed that there are financial institutions that sell RRSP’s to clients who do not even know what they are getting, ……………well except a Tax Refund! So...
by OBS | Oct 25, 2021 | Financial Info, Taxes
I paid for my childs education, why can’t I claim it? The rules surrounding tuition are complex at best. While the government allows for transfers of tuition to parents, grandparents and spouses. They have rules on when and how much can be transferred. In...
by OBS | Oct 25, 2021 | Financial Info, Taxes
Under the many apprentiship programs out there, most tradespeople find themselves in a position where they do not directly pay for their school. But they do! When they go to take their levels, they not only recieve EI while in school, but at tax time they will recieve...
