Start planning for tax season with four key steps
Preparing for tax season is always a hectic time of the year, spring has sprung and most of the cold days from the winter months are dwindling as it gets closer and closer to the final day to fill out and submit your taxes, April 30th, 2020.
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Tax tips for the average Canadian over 60
Splitting CPP with a spouse
The government gives you the option to split your CPP with a spouse after you have been together for a certain period of time. Giving you the option to split your CPP can be very beneficial when one of the two may be in a higher tax bracket than the other. Unfortunately, this has to be done with Human Resources & Social Development Canada with Form ISP-1002 and months prior to the tax return season
Common tax misconceptions
There are many common misconceptions about your taxes like if you miss paying your taxes you’ll go to jail! Not true, and that’s just one misconception that some people have when filing their taxes.