Browsing the "Personal tax" Tag →

 Today’s article relates to question #7 on the 2013 Personal Income Tax Questionnaire sent to clients. WILL YOU BE CLAIMING MEDICAL EXPENSES?    There are two parts to claiming medical expenses: 1) Medical Expense Tax Credit 2) Refundable medical expense...

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  Today’s article relates to question #5 on the 2013 Personal Income Tax Questionnaire sent to clients. DO YOU HAVE RENTAL PROPERTIES? If you earn income from renting property (real or movable) you will need to file...

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Today’s article relates to question #4 on the 2013 Personal Income Tax Questionnaire sent to clients. DO YOU HAVE A BUSINESS? This article is an attempt to give you an overview of certain aspects of reporting self-employment income.  ...

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Today’s article relates to question #3 on the 2013 Personal Income Tax Questionnaire sent to clients. DID YOU HAVE ANY NEW CHILDREN IN 2013? As the questionnaire is sent to existing clients, I already have details relating...

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To file or not to file a personal tax return? “Under Budget 2014, taxpayers who are employed may no longer need to file their personal tax returns from the year of assessment 2014 onwards.” “Under...

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Some info on the TFSA (tax-free savings account) – consider using a TFSA as a savings account. Tax-free savings accounts: 10 things you need to know “Tax-free savings accounts are a good way to sock...

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Just the other day a client asked if he could pay his taxes with a credit card, as he owed a fair amount and wanted to “make the most of it” and get the  points....

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Question and Answers

Questions and Answers – Employment expenses

February 26, 2013 | 0 Comments

Question: A friend told me I could use my company to save tax personally.  The idea is that I lease a vehicle from my company, deduct the cost of leasing the vehicle from my employment earnings and pay less...

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