Tax Tip – Claim Student Tax Credits

Tax Tip – Claim Student Tax Credits

Where you a student in the past year? If so there are several tax credits available that you can take advantage of to lower your tax bill and maximize your tax refund. Here are the main tax credits you should be claiming as a student. Tuition Each year your...
Scanning for new investing ideas

Scanning for new investing ideas

Periodically I scan the internet to identify new investing opportunities. Often on weekend mornings when I have a 1-2 hour block of time to dedicate to the task. Generally I am looking for stocks or ETFs that are not currently on my radar that are at interesting price...
Intuit TurboTax 2016

Intuit TurboTax 2016

Is that time of the year again. Tax season. I’d pretend that I don’t enjoy doing my taxes and optimizing my refund, but i’d be lying.  My go-to tax software is TurboTax by Intuit. Why do I use TurboTax? It simple and easy to use. The user interface is beautiful Great...
Tax Tip – Claim The First Time Home Buyer Credit

Tax Tip – Claim The First Time Home Buyer Credit

Bought your first house in the past year? If so, you are eligible to claim the first time home buyer tax credit up to $5,000. To eligible for the credit if the two below conditions are met. You or your spouse or common-law partner acquired a qualifying home You did...
Tax Tip – Contribute To A RRSP

Tax Tip – Contribute To A RRSP

Contribute to an RRSP account to maximize your refund and save for retirement. Amounts contributed to an RRSP are tax deductible and lower your taxable income. Bonus: You can contribute to a spouse’s RRSP account and claim the deduction as well. Do this on the...
Tax Tip – Deduct Transit Passes

Tax Tip – Deduct Transit Passes

Purchase a transit pass for the bus, streetcar or subway? Good news, you can claim the cost of your monthly transit pass to reduce your taxes! Your transit pass is eligible to claim if it allowed unlimited travel within Canada on a…. local bus streetcar subway...

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