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Posts Tagged Tax deducation

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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Eligible Moving Expense

By Kamal Ahmed on November 11, 2015   /   Tax Deduction  
Tags: Moving expenses, Tax deducation
Eligible Moving Expense
You can qualify for eligible moving expenses if your new home is at least 40 kilometres (by the shortest usual public route) closer to the new place of work, business or school as compared to the old home or business. Who Can Claim? An Employee Self employed Full time StudentRead more →
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