#7 Lend money to your spouse March 10, 2009

Tax Deductions

Tax Tip #6 -pension income March 3, 2009

Pension-Income splitting (6) What is split pension income? If you received “eligible” pension income last year. It might be worthwhile to split as much as half of your pension with your spouse or common law partner in order to lower your taxes. Canada Pension is paid out to Canadian citizens that are at least 65 [...]

TAX TIP #4 -New this year -from John McCormack CGA CFP February 3, 2009

Registered Disability Savings Plan (RDSP) “new” Tax tip #4 If you, a family member or a friend is eligible for the disability tax credit, you can open a Registered Disability Savings Plan. This is a new tax benefit plan. The 2008 deadline for opening one has been extended to March 2, 2009. The 2009 RDSP [...]

Benefits of an Registered Education Savings Plan (RESP) January 31, 2009

If you are a grandparent you can help out a family member and reduce your taxes. John McCormack CGA will help you in this area.

Make the Most of Registered Savings Plans (RRSP) January 26, 2009

make sure you fill your taxes on time.

Tax Tips for 2009 January 22, 2009

There are many tax savings incentive that you may not know about since the list is so long. Each year the government published a new set of tax laws. Some they have had for years. And, then you get the new ones that you need to know about if they apply to you.