The Tax Blog for Smart Canadians

When dealing with tax returns, there is one specific document that is more important than all others. No, we’re not talking about tax slips, although they are important too. We are talking about your Notice of Assessment. Unfortunately many people ignore the assessment, even though it is a crucial document for your tax return. Let’s take a closer look at this document, and why it is so important.

In our last article, we saw the basics of RRSPs. Get your scuba gear ready! We are about to dive into deeper waters of RRSPs.

RRSP season is upon us! Time to go through the couch covers and scrounge up the last of our savings to make that all-important contribution. Let’s look at some fundamental concepts of RRSPs

Taxes can seem intimidating and scary! Documentation relating to taxes can seem dryer than the Nevada desert. It is important though to start getting a better understanding of your tax situation, or what I call becoming “tax aware”.

As a new year begins and tax season approaches we would like to offer a couple of tax-saving resolutions to add to your list.

Have you ever thought that you have received all your slips, pressed NETFILE in your tax software and then ended up receiving more slips in the mail? Maybe you learned about a credit after filing and that you should have applied for.

No matter what kind of taxpayer you are, 2014 is a tax year full of changes that will affect your tax return. Before starting your tax return, take a moment to acquaint yourself with the many changes to the Federal return and with those that apply to your own province.

I don’t like getting bills in the mail. I don’t have home delivery from Canada Post and it is currently -15 C in my neighborhood. That’s why I have arranged for all or most of my business correspondence addressed to arrive by email or online.