Welcome back to Tax Tip Tuesdays after a brief Monday stint (for what I considered a rather hilarious April Fool’s Day joke in which I moved my blog post back 1 day!). I know…Riotous!! For today’s tip, we will resume the hilarity of taxes, credits and general accounting fun by discussing everyone’s favourite topic….Money! (And… Read More Tax Tip Tuesday – A “Second Look” at Your Personal Taxes
April Fool! It’s Tax Tip MONDAY! Worst April Fool’s Day joke ever? You bet! But I’m The Funny Accountant so fortunately (and unfortunately) I decide what is funny and I have determined that it is, in fact, funny to pretend that it’s a day earlier than it actually is. Har-dee-har! Bringing us to today’s tax tip…if… Read More Tax Tip Monday – Small Businesses: Got One? Thinking About Launching One?
So let’s be honest. Babies are smelly. They’re the cutest things in the world (other than some breeds of puppies) but they poop themselves, they eat with their hands and there is a constant flow of green stuff flowing from their noses (and sometimes their eyes). Ew. But we love our kids…they’re the lights of… Read More Tax Tip #10: Children – How They Enrich Our Lives….And Our Tax Credits!
Spring is just around the corner oh faithful blog readers! Although for us Montrealers, it doesn’t exactly look the part. More like the deepest, darkest corner of the Arctic. But I digress. This week’s blog post will focus on the fact that before you know it, the snow will melt, birds will be chirping, love… Read More Tax Tip #9: AKA Love Potion #9!
This week’s Tax Tip Tuesday is going to be very simple. Here it is: Use an Accountant to File Your Taxes! Or more specifically, use me! OK, maybe this shameless plug of http://www.mkassociates.ca and http://www.thefunnyaccountant.com is a little over the top…so please feel free to use any accountant of your choosing as long as his… Read More Tax Tip #8: How to Get Your Taxes Done for Free! (sort of…)
Going to the doctor sucks. Going to the dentist sucks (please don’t hurt me Dr. Karanofsky). Going to the eye doctor…not so bad. But in April it all becomes worthwhile when you get that tax refund for those medical expenses you paid during the year! You might be surprised by what can or cannot be… Read More MEDICAL EXPENSES – A positive twist on that colonoscopy you had this year (pun definitely not intended.)
Continuing the discussion on great ways to keep our money out of the hands of our evil, pasta-hating government…a Tax Free Savings Account (or TFSA) is a great way to tax shelter a portion of your savings. It doesn’t give you the same advantages as an RRSP (self-plug alert – please see last week’s blog post!), but… Read More Tax Tip #6: TFSA is A-OK!
RRSPs Are Fun! …OK, that’s a total lie. I apologize. RRSPs cannot possibly be fun. The topic is actually one of the dullest and most mind-numbing in the entire accounting field. In case you’re unfamiliar, Registered Retirement Savings Plans (see RRSP acronym above…and below) are tools the Average-Justin or Average-CarlyRae Canadian can use to save… Read More Tax Tip #5: RRSPs!