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Posts Tagged ‘Taxation’

Family Tax Cut – Don’t Waste Credits

The Family Tax Cut can change the way we think about which spouse should make the RRSP contribution. In a family situation where the non-refundable credits claimed by the higher-income spouse exceed the “adjusted taxable income” after splitting, the extra credits can be wasted.

The New $2,000 Family Tax Cut

This new federal non-refundable credit will provide up to a maximum of $2,000 in tax relief to benefit one-earner or two-earner couples where one spouse’s income is taxed at a higher rate.

Professional Back to School Tax Savings Tips

Here are some tax tips that will help you as you plan your children’s activity agendas for the year. This week I provide some tips on claiming credits for others expenses such as child care, medical, and transportation as well as how to recover refunds or missed claims.