“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??!!”
Today will be UCCB payday for most of you parents out there with kids under 18 years-old, so congrats on the cash! However, don’t forget the old saying that if it’s too good to be true then it probably is. In my last couple of posts, I’ve written about the current Gov’t increase in the UCCB and also wrote a more detailed… Read More It’s UCCB Payday!!…Now How Much Are Your Child Benefits REALLY Worth!?
Author’s note: If you followed a link directly to this post, don’t forget to check out the follow-up blog post on income splitting! Due to popular demand (thanks to the 3.5 people who asked for a follow-up!)….I give you a Tax Plan Showdown: Harper’s UCCB increase vs. Trudeau’s reinvention of the way we receive child benefits.… Read More The Politics of Deception: Harper vs. Trudeau, a Tax Plan Showdown!
Author’s note: this blog post talks about the UCCB increase only. For a closer look at more “real world” scenarios on how the Trudeau and Harper tax plans will affect your bottom line, please check out the follow-up post! Full disclosure: sometimes I use catchy blog titles or gimmicky phrases to attract readers to my… Read More Got Kids?…Then Your Gov’t Cheque is in the Mail!
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!
I’ve said time and time again that I’m a logical guy. I guess it’s the accountant in me…but now that I’m a Father and husband (yet still an accountant at heart), my logic extends to the society and people around me, trying to right the wrongs of the world and making my daughter’s future (hopefully… Read More The Big Day: Budget 2014 – The Budgetpocalypse!
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 this week’s installment (pun intended) of the ABC’s of the RRSP, I’ll try and answer a few age-old questions: Does God exist and, if so, why did he allow the creation of Revenu Quebec? Why don’t ALL toilet seats have that mechanism built-in that makes it go down slowly and how does it do… Read More The RRSP…QRSTUVWXYZ!! Chapter II – What’s that do anyhow??
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!