Tax Things to Keep in Mind While Newly Divorced in Canada
202208.01
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Tax Things to Keep in Mind While Newly Divorced in Canada

Divorce in Canada is an optimal arrangement for some former married people’s physical and mental well-being. However, aside from having those parts of your life impacted, you will also experience some financial changes. Compared to taxes where everything is filed in conjunction with a former partner, there will be several differences to keep in mind….

Charitable Giving More Important Than Ever
202011.16
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Charitable Giving More Important Than Ever

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…

Can You Turn a Bad Situation Into Good Money?
202011.10
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Can You Turn a Bad Situation Into Good Money?

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…

Could the 2019 Federal Budget Help Those Separating?
201906.17
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Could the 2019 Federal Budget Help Those Separating?

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up to $25,000 from their Registered Retirement Savings Plan to purchase a home without having to pay tax on the withdrawn amount (Budget 2019 proposes to increase the HBP limit to $35,000 per…