Ways to save that won’t anger the taxman
People will do almost anything to save on taxes, like claiming the family dog as a security system for their home business, or claiming their stamp-licking toddler as an employee.
(more...)Popular Posts
5 Free Budget Templates to Get Your Spending Under Control
December 1, 2010
Teaching Your Kids About Money : Part 1
November 23, 2010
Tips to Reduce Your Banking Costs
December 14, 2010
How can I get tax deductions on school expenses when I file a tax return?
Did you know that you can get a tax break to help with some of the costs of your studies after high school? This includes:Tuition and textbooks, Moving expenses, Student loans, Lifelong Learning Plan, and Public transit.
(more...)Canadian Tax Deadline Calendar
For most individuals, April 30th is the deadline to have your income tax return to the CRA. If you owe the CRA money, your payment must also be received by the CRA on April 30th (even if you are self-employed and you file in June!).
(more...)10 Ways to Save on Taxes Now
With the end of the 2010 tax season in sight, time is running out to optimize your 2010 tax deductions. Even if it is too late for you to capitalize on some of these deductions in 2010, it is never too soon to begin planning for 2011 and beyond.
(more...)13 Ways to Maximize Your Tax Deductions Before the End of the Year
One of the most fundamental decisions to make when filing a tax return is whether to itemize deductions or to use the standard deduction. The decision tends to be a financial one: You should generally itemize your deductions on your federal form 1040, Schedule A, if your itemized deductions are more than your standard deduction. For 2010, the standard deduction for married couples filing a joint return is $11,400. The standard deduction for individual taxpayers and married couples filing separate returns is $5,700. The standard deduction for heads of household is $8,400.
(more...)Top 50 Blogs for Tax Tips and Advice
The old saying is that death and taxes are the only certainties. However, tax law is always changing. In fact, in some cases it takes a tax professional to help you understand the process. People go to school for years to learn the ins and outs of tax law — and then they have to If you are looking for some direction with your taxes, you can find some advice on the web. You need to be careful of where you get the information, but you can get a good start on learning some of the basics when you read these 50 blogs on taxes.
(more...)Start Your Tax Planning Today
For most people, tax planning is at the bottom of their to-do list. While we all complain about paying income taxes, we should also put in the effort to reduce our income taxes payable come tax filing next year.
(more...)