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One of the difficulties that many Canadians face as they age is the fact that pension income can boost taxes paid. This can be especially frustrating in situations when you might have a higher income due to you pension, investments and possibly a higher income job still, but your spouse has a much lower income…
“It’s kind of cool to be a dual citizen,” I used to tell people, “you are able to cross the border easier, you have work options in the USA, and you can even vote for President if you are so inclined.” My attitude has completely reversed in the last year. I should warn that a…
Every year I end up filing my own taxes. It’s not something that I ever want to do, but it is something that needs to be done, so I do it. For the last couple of years, I’ve used and reviewed QuickTax and TurboTax. This year, however, I had the opportunity to try out UFile…
It’s that time of year again. No, I’m not talking about spring, even though it’s just around the corner. And I’m not talking about the beginning of the baseball season either, even though I am unreasonably excited about that. Instead, I’m talking about tax season. I haven’t completed my return yet, but I have started…
I know a couple of people that use their tax refund like a forced savings plan. Each year, when they are given their tax papers to sign and complete, they check the little box that allows the government to take a few extra dollars out each paycheck. The point of this feature is in case…
Tax software programs, like UFile, are great tools to help you calculate your tax return and ensure you receive the tax refund you are entitled to. It can find you tax-saving deductions, credits, and transfers, but you need to give it something to work with – no computer program can read your mind…yet. So, how…
The CRA starts processing tax returns about the middle of February, so if you filed your tax return early, your tax refund probably somewhere in the works. You could see a cheque relatively soon. But have you decided what you will do with your tax refund? Here are some of the more popular uses for…
