I got my first real job when I was in Grade 12. I worked for about four months, at slightly above minimum wage, so I didn’t exactly make a ton of money. Over the next four years I went to college, so I had jobs over the summer but I never made enough money to [...]
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Category Archives: Taxes
Tax Software Review – StudioTax 2009
While QuickTax and UFile are both great tax preparation programs, there are other alternatives that will do the job and are completely free. Today we’ll look at StudioTax, which I was impressed with when I used StudioTax 2008 last year.
StudioTax includes a Quick Start Wizard that takes you through most of your taxes. StudioTax is [...]
Tax Software Review – UFile 2009
Earlier this week we looked at QuickTax, which is the top selling tax software in Canada. But there is another well known program that has been gaining momentum. UFile is a serious contender in the Canadian tax preparation market.
The interview process in UFile works well, though not quite as comfortable to use as the QuickTax [...]
Tax Software Review – QuickTax 2009
QuickTax is the first of four different tax programs that we’ll be having a look at over the next 4 weeks. I entered my tax info into all four programs to get an idea of how each one works, and while they have many similarities, each one also has it’s own strengths and weaknesses.
QuickTax is [...]
Free Alternatives For Preparing Your Taxes
In previous years, Canadian readers may have completed their taxes with QuickTax or Ufile. Both of these are great programs and I plan to look at them in more detail later this month. However, there are a couple of free programs for preparing your taxes that I wanted to quickly share with you. While this [...]
How To Calculate Your Adjusted Cost Base (ACB)
Calculating your adjusted cost base (ACB) is necessary to determine the true cost of your investments for capital gains and losses. Perhaps more importantly, the CRA requires this calculation to be used for income taxes in relation to capital gains and losses.
The adjusted cost base is calculated by of adding all of your investments into [...]
The Universal Child Care Benefit (UCCB) Explained
The Universal Child Care Benefit (UCCB) is a $100 taxable monthly payment to help with the cost of raising children under 6 years old. To be eligible for the Universal Child Care Benefit, you must be the primary care giver of a child under the age of 6 and a resident of Canada. If you [...]
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