Charitable Giving More Important Than Ever Charitable giving is one way that taxpayers can support a cause or organization close to their heart. In 2020, during a time of COVID, ton here are more worthy causes than ever before and fewer people able to contribute. It has been a difficult year for so many. As…
PREPARE NOW! SAVE LATER! Are you going through a separation or divorce? It is critical to negotiate certain income tax return items in your separation agreement. The Eligible Dependent Amount was worth $3,747 in tax savings (refund) to an Alberta parent in 2019. The credit is available federally and, in most provinces, as well. Single…
When the world as we know it, came to a screeching halt in mid-March, many of us wondered how we would carry on with our in-person meetings, how we would run our businesses. Many of us wondered what business would look like in the ‘new normal’. After the initial stress and concern, many businesses carried…
CPP or Canada Pension Plan is the accumulation of credits, dependent on a taxpayer’s annual earnings. It is a taxable pension benefit that you can receive beginning as early as age 60 (though you choose when to begin receiving CPP), or as late as 70. The amount you receive each month is based on your…
On June 21, 2019, the Government of Canada gave Royal Assent to Bill C-78. The changes to Family Law, the first federally in 20 years, promote the best interests of the child, address family violence, and make the family justice system more accessible. On June 5, 2020, the Honorable David Lametti, confirmed the delay of…
With the end of the year, our thoughts turn to resolutions. If you do not consistently contribute to an RRSP or haven’t previously contributed, it may be the time for a new year’s resolution!
How an Almost-Divorce Kept Them Together Ann Leary’s 2013 essay explored a ‘crisis’ in her marriage to the actor Denis Leary. They just celebrated their 30th wedding anniversary. In the 2013 Modern Love essay“Rallying to Keep the Game Alive,”Ann Leary’s marriage to her husband, the actor Denis Leary, was on the rocks. They felt like…
Could the 2019 Federal Budget Help Those Separating? In the past, the Home Buyers’ Plan (HBP) has allowed first-time homebuyers to withdraw up to $25,000 from their Registered Retirement Savings Plan to purchase a home without having to pay tax on the withdrawn amount (Budget 2019 proposes to increase the HBP limit to $35,000 per…
Does Stampede Offer ‘The Perfect Storm’? ” And we aren’t talking about the weather!” Calgary’s “Greatest Outdoor Show on Earth”does not always have on display the best that our city has to offer! Stampede has become the only time of year where the Alberta Liquor and Gaming Commission approves the service of alcohol beginning at…
6 Things Getting Divorced Taught Me About Money with Tasha on for The Financial Diet. You may think that divorce is a 50/50 split of assets and debts but you’d be terribly wrong. You can be left dealing with the financial outcomes of divorce for years. Get good advice pn financial matter including taxes before…
