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Archive for the Tax Deduction Category

8 Tax Filing Tips For Students

By Kamal Ahmed on February 11, 2017   /   Student Tax, Tax Deduction  
8 Things Students Need To Know When Filing Taxes. Students make sure you claim the tax credits, deductions, and benefits you are eligible for when you file your income tax and benefit return. Even if you have little or no income, you should still file your incomeRead more →
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Impact To Your Taxes & Benefits Due To Marital Status Change

By Kamal Ahmed on February 1, 2017   /   Tax Deduction  
Tags: Tax deducation, Tax Filing
Have you recently got married or enter into a common-law partnership? Have you separated or divorced? Were you recently widowed? It is important to inform the CRA about changes in your marital status to make sure you receive the right amount in benefit and other credit payments.Read more →
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RRSP Contributions May Reduce Tax Payable & Increase Refunds

By Kamal Ahmed on December 11, 2015   /   Tax Deduction  
Tags: Tax deducation, Tax Filing
RRSP Contributions May Reduce Tax Payable & Increase Refunds
What is Registered Retirement Savings Plan (RRSP)? A Registered Retirement Savings Plan (RRSP) is a tax-deferred savings account designed for Canadians to save toward their retirement. It is advantageous because your contributions entitle you to a tax deduction and generate investment income that is sheltered from incomeRead more →
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