Registered Education Savings Plan (RESP)

Registered Education Savings Plan (RESP)

Are you starting a family & thinking about saving for your children’s future education? Maybe you’re a grandparent, aunt, uncle, or friend looking for a special gift. What better gift than helping with education? A Registered Education Savings Plan (RESP) might be...
RRSP Over-contribution

RRSP Over-contribution

A Registered Retirement Savings Plan (RRSP) is a great way to save for retirement. It offers flexible investing with tax-free investment growth in the plan. Withdrawal(s) usually happens during retirement when you are in a lower tax bracket resulting in lower tax...
Canada Training Tax Credit

Canada Training Tax Credit

Did you pay tuition at an eligible educational institution? Then you may be able to claim the Canada Training Tax Credit (CTC) on your tax return. This refundable credit was created to help with training costs & is available to those with eligible tuition &...
Voluntary Disclosures Program

Voluntary Disclosures Program

Did you forget to claim some income on past tax returns? Or maybe you discovered a mistake on a past tax or GST/HST return? To correct past mistakes, you might want to apply for the Voluntary Disclosures Program (VDP). The VDP grants relief to taxpayers &...
Student Loan Interest

Student Loan Interest

You graduated & now face the task of repaying your student loans. While this can be distressing, were you aware you can claim your student loan interest as a tax credit on your tax return? Claiming the Student Loan Interest Tax Credit You can use this...
Sole Proprietorship or Incorporation?

Sole Proprietorship or Incorporation?

You’re starting up a small business & it’s time to decide, do you choose a Sole Proprietorship or Incorporation? Though each option is a valid legal business structure in Canada, your best bet is to look at the pros & cons & decide what works for your...