“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??!!”
Canada’s own Alanis Morissette said it best…”And isn’t it ironic…don’t you think?” There is a hidden and cosmic irony that exists in our country, an issue that has been front and center in the news lately and a huge factor in the upcoming election: income splitting. It turns out that parents who divorce can save… Read More Wanna Save Tax Money? Get Divorced.