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[By Jamie Golombek, Advisor’s Edge] Most people rely blindly on their tax slips to properly report their income. But if the information contained on the tax slip is wrong or incomplete, is the taxpayer still liable for the taxes owing and any arrears interest or penalty? That was the issue before the Tax Court in … Read more
[The Canadian Press] Many Canadians are just trying to get through the week, never mind the year, when it comes to their finances. But accountants say it’s already time to start taking stock of government support and wages received since the Covid-19 pandemic struck.
[By Jim Yih, Retire Happy] A lot of articles this time of year encourage you to buy RRSPs. In fact, the RRSP is one of the best tax planning strategies available to Canadians. However, there are increasing critics of the RRSP because while you may get tax benefits on the way into an RRSP, you … Read more
[By Jonathan Chevreau, Financial Post] Because Canadians can split certain kinds of income, your biggest tax asset may just be your spouse.
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