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2021 Personal Income Tax Checklist

2021 Personal Income Tax Checklist

Posted Mar 8th, 2022 in Tax Help

To make sure you get every tax credit and deduction that you are entitled to, an ATAP member at MMS Accounting & Bookkeeping put together a handy checklist to help you prepare all documents and information you need to prepare your tax return.

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When to withdraw your RRSP

When to withdraw your RRSP

Posted Feb 25th, 2022 in Tax Help

At this time of year, we normally focus on contributing to your RRSP to get tax savings but it's also important to know the best timing for you to withdraw it.

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Pension Income Splitting

Pension Income Splitting

Posted Feb 24th, 2022 in Tax Help

Our tax return offers very few opportunities to split income between spouses, but the Pension Income Splitting provision is the major exception.

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COVID-19 Relief Program Updates

COVID-19 Relief Program Updates

Posted Feb 23rd, 2022 in Tax Help

We never thought we'd still be doing updates on COVID-19 programs nearly two years after they started, but here we are.

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There's still time to contribute to your RRSP

There's still time to contribute to your RRSP

Posted Feb 22nd, 2022 in Tax Help

A Registered Retirement Savings Plan (RRSP) is the single most important vehicle for Canadians to save for retirement. At the same time, it is also one of the best ways to reduce the amount of tax you pay.

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NETFILE Opens Today

NETFILE Opens Today

Posted Feb 21st, 2022 in Tax Help

Ready, set, go - file your taxes online today

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Working From Home Deduction

Working From Home Deduction

Posted Feb 16th, 2022 in Tax Help

This much-loved deduction is back for the 2021 tax year.

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CRA's My Account Service

CRA's My Account Service

Posted Feb 15th, 2022 in Tax Help

Beginning this month, registered users will be required to provide an email address to use the CRA's sometimes-loved, sometimes-loathed My Account service.

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Upcoming Deadlines

Upcoming Deadlines

Posted Feb 11th, 2022 in Tax Help

Nobody really loves these upcoming deadlines, but it's important to know them:

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Arm's Length

Arm's Length

Posted Jan 7th, 2022 in Jargon

What does the length of an arm have to do with your business if you're not a tailor?

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