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Taxes and Debt. The biggest impediments to your wealth. Let's consider a common scenario. Jack and Jill Hill are saving for retirement. They have decided to use a GIC – Guaranteed Investment Certificate. Guaranteed Investment Certificates (GICs) are secured investments. This means that you get back the amount you invest at the end of your term. At the end of a specified time period (term) interest is payable. If that GIC is outside a Registered Plan the interest earned becomes taxable. Interest income is taxed at an... more
BREAKING NEWS the Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust), for the 2023 tax year, unless the CRA makes a direct request for these
This coming Saturday March 23rd you can find me at the Easter Craft and Vendor show. Located at the Port McNicoll Community Centre. Have questions? Pop by.
Posted at 03:17 PM
Monday, March 18, 2024
March is halfway down! Haven't filed in a few years? We won't judge. Why delay? Let us file your taxes today!
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Here's a pro tip to those who normally owe instead of receiving a refund: check that your deduction for income tax is set to the right level. This includes OAS and CPP. Taxes are not automatically deducted from them. So you have to log in to your account to do that. Haven't filed for awhile? You could be missing out on valuable social benefits. We won't judge. File with us today. 
