Many of the credits available in the Canadian tax system are related to dependents. Here is a great article describing them.
Have a great April and hopefully summer is soon to come.
Tuesday, April 9, 2013
Children oh those children
Is it spring yet? With April in full bloom we are in the heart of personal tax season. This post is a link to an article talking about some of the more common tax credits and deductions available to taxpayers.
Wednesday, February 20, 2013
Moving and RRSP time
With 2013 in full swing, we are now officially in personal tax season. The end of February marks two important deadlines: T slip filings for corporations and RRSP contribution deadline for your 2012 taxes.
On top of that we are Moving.
On top of that we are Moving.
We’re pleased to announce that our office is expanding, and
as such, we’ve relocated to a new space. We will have the same convenient
location now two floors up in unit #410.
Please note our new address as of March 1, 2013:
410 - 1228 Kensington Road NW
Calgary, AB T2N 3P7
Calgary, AB T2N 3P7
As it is RRSP season this article will serve as a guideline for RRSP investing.
http://www.huffingtonpost.ca/2013/02/19/a-users-guide-to-rrsps_n_2715264.html
Wednesday, January 16, 2013
It is 2013
We avoided the end of the world in 2012, so let's enjoy 2013 to the fullest.
With winter settled in and 2012 come and gone, it signals tax time. The big tax planning option remaining for 2012 are available RRSP contributions. These must be made by March 01, 2013 in order to be deductible on your 2012 tax return.
Those with a December corporate year end; you have three months to pay your taxes. That makes March 31, 2013 an important date. The earlier your accounting data is compiled and delivered to your accountant the more prepared the company will be for the deadline.
February 28th is another important deadline. Corporations have until then to file their T slips. T5s and T4s most notably, for amounts paid to employees and shareholders in 2012 must be filed by then.
So with all that being said there is a lot to think about in preparation for personal and corporate tax filings. Get in contact to discuss how we can help you.
Finally the TFSA limit has increased in 2013. This article outlines the changes. http://www.cbc.ca/news/business/story/2012/11/26/pol-tax-free-savings-accounts-increase.html
Enjoy the start to a wonderful year.
We avoided the end of the world in 2012, so let's enjoy 2013 to the fullest.
With winter settled in and 2012 come and gone, it signals tax time. The big tax planning option remaining for 2012 are available RRSP contributions. These must be made by March 01, 2013 in order to be deductible on your 2012 tax return.
Those with a December corporate year end; you have three months to pay your taxes. That makes March 31, 2013 an important date. The earlier your accounting data is compiled and delivered to your accountant the more prepared the company will be for the deadline.
February 28th is another important deadline. Corporations have until then to file their T slips. T5s and T4s most notably, for amounts paid to employees and shareholders in 2012 must be filed by then.
So with all that being said there is a lot to think about in preparation for personal and corporate tax filings. Get in contact to discuss how we can help you.
Finally the TFSA limit has increased in 2013. This article outlines the changes. http://www.cbc.ca/news/business/story/2012/11/26/pol-tax-free-savings-accounts-increase.html
Enjoy the start to a wonderful year.
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