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.
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.
Our tax return offers very few opportunities to split income between spouses, but the Pension Income Splitting provision is the major exception.
We never thought we'd still be doing updates on COVID-19 programs nearly two years after they started, but here we are.
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.
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.
Nobody really loves these upcoming deadlines, but it's important to know them:
Experience your full potential by becoming a member, and take advantage of numerous educational and professional benefits.
