“Christmas in July”: it was a popular phrase in the summer of 2015. A federal election was nearly upon us and the old Conservative government had decided to increase our child benefits. The increase in the benefits was paid out on July 20, 2015 and was retroactive to January 2015 so those of us with… Read More Got Kids?…Then Your Gov’t Cheque is in the Mail…The Sequel!
If you’ve been following the news these past few weeks, you probably know that there are big changes coming to our taxes here in Canada. A middle-class tax cut, no more income splitting, tax increases to the wealthy….what it all means to your family is only the first of many loaded questions I’ve been asked about recently. These loaded questions can… Read More The Family Tax Series: “My New Child Benefits Are How Much??!!”
Hi! Welcome back to me! After a mostly silent summer, the approach of the autumn season seems to have awakened this Funny Accountant from his slumber. Truth be told, it’s been a busy summer…with work, our new house having been a constant work-in-progress, a preggers wife and a 2.6804-year-old getting used to her big girl bed, little time remains… Read More Daycare and taxes and audits, oh my!!
It’s tax season!….and election season! Oh what a fun time of year, so much to do, so many debates to watch, so many polls to analyze. I thought I’d drop my 2 cents into the fountain before it all comes to an end…and hopefully help someone make some money at the same time. So I’m… Read More Scream It From the Rooftops: Vote! And File Your Taxes!
For the average Canadian, the decisions about where to invest extra cash can be overwhelming to say the least. So many acronyms…RRSP, RESP, TFSA, need I go on?? Many people rely on experts in select fields to help them make these decisions, while many self-educate and make the decisions themselves. Whichever category you fall into,… Read More RRSP…WXYZ! Chapter 4: The Big Decisions About Where to Invest Your Money
For the next month, our blog focus will be the RRSP: Everyone’s favourite topic of conversation during the month of February! Why is the RRSP just a great subject for this time of the year, you ask? Well, there are several reasons, the top 3 being: It gives us guys something to worry about in… Read More Tax Tip Tuesday: The ABC’s of the RRSP…QRSTUVWXYZ!!
Today’s Tax Tip Tuesday is just some food for thought…what you can do to lower your April tax bill TODAY! Since the end of the year is fast approaching (AKA end of the personal tax year), now is the time to maximize those tax credits for 2013. So here’s (part of) the plan! Donations If… Read More Tax Stuff to do Before the New Year!
So what is up with this money that Governments of Canada, Quebec, Ontario (or insert any other province here) send me every month or quarter or at the end of the year? Ever wonder? I kind of didn’t….even us accountants have the same saying as you normal humans: “don’t look a gift horse in the… Read More What’s Up With All This Money that the Government Sends Me???
I remain the Funny Accountant, however what I discovered the other day was more scary and sad than funny. It turns out that not even Revenu Quebec (“RQ”) is familiar with some of their own tax rules and many of the elderly in this Province (and likely elsewhere in Canada) have been doing their taxes… Read More The Elderly and Taxes Gone Wrong: A Not-So-Funny Discovery by The Funny Accountant
I often get asked, “Mr. Funny Accountant (sometimes I even get a ‘Sir’ at the end), how do I get some cash back from all the donations I make throughout the year?” Easy one! It’s as simple as claiming those donation receipts on your personal tax return (for those of you donating personally and not… Read More Tax Tip Tuesdays: Movember + Donations = Phurry Philanthropy