T1M – Moving Expenses

Posted by admin on Mar 14, 2011 in Personal Income Tax | 4 comments

A lot of Canadians do not realize that they can claim moving expenses on their tax return. This is an often-overlooked credit.

To qualify for Moving Expenses you must have the following criteria met:

Traveling a minimum of 40 km;

You are starting a new job, or a new business;

How Would You Like A Bigger Tax Refund Next Year?

Posted by admin on Feb 7, 2011 in Personal Income Tax | 8 comments

How would you like your money to make more money?

Do you have an existing RRSP?

Here is an opportunity – take your tax refund and reinvest it back into your RRSP!

Use RRSP’s to Help You Buy a New Home or Better Education

Posted by admin on Jan 24, 2011 in Personal Income Tax | 18 comments

RRSP’s have some cool tools to help you buy your first home or help towards paying for a post-secondary education. The programs are called: the Home Buyer’s Plan (HBP for short) and the Lifelong Learning Plan (LLP for short). Here is how they work:

RRSP’s – Are they for you?

Posted by admin on Jan 9, 2011 in Personal Income Tax | 3 comments

RRSP’s, as attractive an investment for your retirement as they are, may not always be the best course of action for you. Why? There may be certain factors involved. Here are some highlights of what I mean:.

RRSP’s – How do they work?

Posted by admin on Jan 3, 2011 in Personal Income Tax | 8 comments

Since we are coming into RRSP season, it’s time to take a look at RRSP’s. Many people know what RRSP’s are, but they do not know how they work or even know if it is a suitable product for them to use.

So, it begs the question – what are RRSP’s and how do they work?