Taxes
Smart Tax Planning Strategies
No one likes paying taxes. Tax evasion is illegal but you have the right to reduce the taxes you pay to the least amount possible. You want to pay attention to your financial affairs during your working years to be the most tax effective. The key components of smart tax planning are the three “D”s…
Read MoreIs Your Investment Loan Tax Deductible?
Not all investment loans qualify. An investment loan must meet certain specific criteria before the interest payable is tax deductible.
Read More11 Steps To Financial Freedom – Step 8: Slash Your Taxes
I hope to develop a complete financial plan through these 11 steps to financial freedom. Step 8 is to consider calling a tax accountant to help slash your taxes.
Read MoreThe Dividend Gross-up and Tax Credit Mechanism
An insidious feature of the dividend tax credit is that the grossed-up dividend and not the actual dividend is used to determine your Old Age clawback, age credit, HST credit and property tax credit.
Read MoreTax Filing With TurboTax Online
This year Quick Tax rebranded to TurboTax and I decided to try their newly introduced on-line version
Read MoreTax Refunds Are A Bad Thing
Why are hardworking people so willing to give the government an interest-free loan just to get a refund at tax filing time?
Read MoreIt’s Tax Time!
Many of us use tax preparation software such as TurboTax (formerly Quick Tax) that are interactive and easy to follow and use.
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