Moving is a pain, but there is one possible upside when it’s time to file your tax return for the year: moving expenses can be claimed as an income deduction if you moved during the year and established a new home to start a new job or business. This deduction is also available to post-secondary … Read more
Following my 15 seconds of fame in the Globe and Mail (“Student Financial Planning 101”, August 22nd) and many articles geared towards “back to school”, this month’s topic is RESPs. … to read more download: “Financial Notes” Connection Article September 2011
On the same day in July, both the Globe and Mail and Entrepreneur Magazine posted links on Twitter to articles about the pros and cons of going into business with a partner. It seemed to be a sign so that’s the topic of this month’s column. … to read more download: “Financial Notes” Connection Article … Read more
The 2011 federal budget was finally passed following the election last month. It did not provide for many benefits to the average taxpayer, but there are a few changes you should know about. … to read more download: “Financial Notes” Connection Article July 2011
There are many variables in the Canada Pension Plan (CPP) amendments that received Royal Assent in December 2009. These changes take effect in 2012, but may affect retirement planning decisions needed now. … to read more download: “Financial Notes” Connection Article May 2011
Every year at this time of year I see a few struggling taxpayers who put money into an RRSP, only to hit a roadblock and need to take it back out. The problem is, withdrawing from your RRSP increases your taxable income – which could affect government benefits and tax credits – and your overall … Read more
The door and phone at accounting firms across the country are starting to get busier as tax season approaches. All slips are supposed to be issued by Feb 28 so by the second week of March, in theory, you should be able to file your tax return. Regardless of your sources of income, if you … Read more
The financial media tends to spend most of its time on tax saving strategies for the wellhealed and I understand the attraction, but once in a while it is important to remember that not all people are so fortunate. This month’s column will address two of the payments available to low income families: the Working … Read more
For some reason I have been running across a number of articles lately on that unmentionable five-letter word: “death”. The Globe and Mail ran an extremely good column by Tim Certnickon Nov 24 entitled “Ten financial steps to take before you die”. I am certain he would be flattered if I relayed the key points … Read more
By the time you read this the municipal elections will be behind us, but as I write one of the favourite topics of discussion is job creation. In light of that, this month’s article will be about hiring youth. …to read more download: “Hiring Youth” Article November 2010