GIC Interest, Where Does It Go?

I've been using Genutax for over five years now and love it. It's easy to use. You enter your information on screens that look exactly like your slips. The support is also very good too. ...

It is possible for the CPP & EI over contributions if your earnings for 2008 will exceed $40,200 (for CPP) or $40,000 for EI. If your 2008 earnings will exceed the above amounts, you may wish ...

Yes, CCA can be deferred to next year, which allows u to claim more later (with higher undepreciated capital cost (UCC)). You just add the capital cost of the car to the CCA schedle for the yr with...

The interest on the bank account is income, just like money you earned at work. The loan interest is part of your personal spending choices. You had the use of the money, you chose to pay inter...

It's hard to say without looking at your previous years' taxes. Since they now use both yours and your husband's incomes to calculate credits, you are likely not entitled to certain ...

The BoC has indicated that they are not necessarily move interest rates in the same direction as the US Fed. For the currency to depreciate vis a vis the US dollar, we're going to have to l...

I find you lose the credit if you start making ~$30,000 or so.

Ignore the post above. It is clearly false. Your wife can claim a % of property taxes as a commissioned employee IF she has sufficient commission income. She will have a box 42 on her T4 repor...