This guest post is the result of a charitable project (Blogging for Charity) started by my friend Mark Goodfield, also known as the Blunt Bean Counter. My friends at Financial Services Group (Gary, Scott and Jennifer) were wonderful to bid $500 for the winning bid. Thanks to Financial Services Group for making the donation to…
December is in full swing and although we are focused on all the festivities of the holiday season, don’t forget to review your finances and get the most out of your tax savings opportunities. This year, Cleo Hamel, Senior Tax Analyst for H&R Block Canada offered some great tax strategies to consider before year end:…
It’s charitable giving time and this time of year, I get more and more charities asking for money and donations. I know it’s all for a good cause but I’ve never liked strangers coming to my door at supper time or get soliciting phone calls at night while I am putting my kids to bed…
Flow-through shares utilize specific provisions of the Income Tax Act (“Act”) to allow for the “flow-through” of exploration expenses from resource companies (typically oil and gas, mining and base metals) to individual investors. Many junior resource companies are not profitable and the exploration expenses they incur on a yearly basis are “wasted” in that they…
Guest post by Frank Flynn In my last post on Retire Happy Blog, I shared how to apply for tax relief and gave a broad outline of the three categories for applying to the CRA for relief from penalty and interest on tax liabilities. For those that missed the first blog, the three categories are:…
Guest post by Frank Flynn With the downturn in the economy, there’s no shortage of Canadians carrying major tax liabilities. Tax debts typically come with serious penalty and interest charges. Often enough taxpayers struggle along chipping away at a tax burden that never seems to diminish. Fortunately, the Income Tax Act allows taxpayers to apply…
