What If Your Tax Return Is Reassessed?

More taxpayers are receiving a Notice of Reassessment than ever before.  A new tax assessment unit was set up last year that works from September to March to check for things that were missed in the first regular audit and compare returns to third party sources. This...

Are Children’s Extracurricular Activities Worth It?

12-year old Brittanie is supposed to be practicing her piano lessons.  Instead she’s playing catch with the dog.  “Play,” yells her mother, “I’m not paying 50 bucks a week for you to take piano if you’re not going to practice.” Sometimes parents feel like drill...

Why You Should Avoid Group RESPs

Most parents know that RESPs are a great way to help save for your child’s education.  But there’s one type of plan that’s giving RESPs a bad name.  Group RESPs, or group scholarship trusts, are known for their aggressive marketing tactics and they...

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