The end of the year is a common time for businesses, investors, and individuals to contemplate their goals and reevaluate their finances. As an investor, it is also important to conduct tax planning to plan the moves you make throughout the year. It is common to review what went well and areas to improve at [...]
With the holiday season fast approaching, year end tax planning may not be the first thing on any business owner's list but once the holidays end, tax season will creep up sooner than you think. Being prepared for tax season will help limit any unexpected costs when you complete your tax returns. Businesses commonly use [...]
As a self employed individual, setting aside money for taxes and contributing to the Canada Pension Plan (CPP) becomes your responsibility. Self-employed individuals are considered their own employer and the employee, so you also have to contribute to CPP at double the rate. It is up to you to track business and personal expenses, income, [...]
It's the end of the year already which means the last opportunity for year end tax planning for parents, spouses, and caregivers. Raising a family and providing for a household can be expensive, but there are also many benefits and deductions available to lower the tax you owe once it is tax season. As a [...]
Attending post-secondary is a large investment for many students. Although it can be quite expensive to attend, students enroll out of hopes that the fields they get into will eventually pay for any debt they may accumulate and fund their dream lifestyle. Those with post-secondary degrees tend to see more income and higher salaries over [...]
