By Liz O'Dowd on March 1, 2013 
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The type of income tax returns you have to file will depend on whether your business is incorporated. If you have an incorporated business, you must complete a corporate (T2) tax return for the business, and you must also complete… {Read more}
By Liz O'Dowd on February 14, 2013 Leave a comment
Did you know? There are several benefits and credits designed for seniors. Important information for seniors Age Amount – You can claim this amount if you were 65 years of age or older on December 31, 2012, and your net… {Read more}
By Liz O'Dowd on February 14, 2013 Leave a comment
Canadians file more than 26 million individual income tax and benefit returns each year, and all are electronically analyzed. Based on this analysis, CRA selects certain returns for review because they are high-risk. Other returns are selected based on a… {Read more}
By Liz O'Dowd on February 14, 2013 Leave a comment
RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits. There is no annual limit for contributions. For each beneficiary the lifetime limit on contributions is $50,000. Although there… {Read more}
By Liz O'Dowd on February 14, 2013 Leave a comment
Tax credit may be available if parent or grandparent (over 65) lives with you, even if they are not your dependent. If, at any time in the tax year, you (either alone or with another person) maintained a dwelling and… {Read more}
By admin on April 23, 2010 Leave a comment
Did you know that even if you don’t owe taxes, you should file your 2009 income tax return by