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Category: Tax Basics

Trending Tax Questions

June 30, 2019 Taxreturncanada

Trending Tax Questions On Tax Return Canada. What are the different types of income you can earn in Canada? A…

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Posted in: Business Service, Credits & Deductions, Group Tax Advantage, Tax Basics

What is my annual RRSP limit?

June 29, 2019 Taxreturncanada

You can find out the amount of RRSP (Register Retirement Saving Plan) room you accumulate over the years by looking…

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Posted in: Business Service, Credits & Deductions, Group Tax Advantage, Tax Basics

What is RRSP and how does it help me on my tax?

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This is a Register Retirement Saving Plan to which you can save up to Eighteen percent of your annual income…

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Posted in: Business Service, Credits & Deductions, Group Tax Advantage, Tax Basics

How do RESP help my kids when they ready to go to school?

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Register Education Saving Plans are a great way for parents and family members to save for there kids and other…

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Posted in: Group Tax Advantage, Tax Basics

Do you owe tax when you file your tax return every year?

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Having a good understanding of your personal income, current and projected cash flow may give you an idea of how…

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Posted in: Business Service, Credits & Deductions, Group Tax Advantage, Tax Basics

What can I do to reduce my tax liability?

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You must pay tax on the income you earn. There are multiple ways to reduce your tax liability. You may…

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Posted in: Business Service, Credits & Deductions, Group Tax Advantage, Tax Basics

Do I have to pay tax on tips?

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You should claim all the income you earn when filing your tax.   If you receive tips you should add it…

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Posted in: Credits & Deductions, Group Tax Advantage, Tax Basics

What is the deadline for making deductible registered retirement savings plan contributions for each tax year?

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If you are planning to make registered retirement savings plan contributions to reduce your taxable income you should do this…

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Posted in: Credits & Deductions, Group Tax Advantage, Tax Basics

How do I split my income to save on tax liability?

March 20, 2019 Taxreturncanada

You will most likely want to talk with a professional about splitting of income amount your family. This can be…

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Posted in: Business Service, Credits & Deductions, Tax Basics

How do I get healthy and wealthy at the same time?

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The most important thing you must remember is that you have control over both your health and wealth. Being healthy…

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Posted in: Business Service, Credits & Deductions, Tax Basics

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