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Increasingly, more people are operating businesses out of their homes. These businesses might be full-time ventures, or they might be part-time side hustles. In any case, chances are that you are paying expenses related to your home business. In such situations, it is possible to not only deduct some expenses from your home business income,…
The tax deadline is coming faster than anybody wants it to. The due date for filling out Canadian income tax returns is May 2, 2011 since April 30th is on a Saturday. As you’re filling out your tax return you should be aware of some of the tax breaks allotted to both individuals and businesses as…
The way we interact with our government is constantly evolving, especially when it comes to taxation in these troubling economic times. More than ever, families are finding deductions, credits and other tax benefits to be somewhat of a saving grace. The Canadian Government collects almost three times more from personal taxes than it does from…
Ah, taxes. The time of year where so many people agonize over where they are going to find enough money to pay the government, while so many others gleefully spend their massive tax refund. It’s an amusing dichotomy, and it makes for some interesting anecdotes as I see the way friends and acquaintances plan to…
Everyone is busy getting their taxes organized and files for 2010. IF you have not done so already, there’s only one month left so it’s time to get cracking. As much as the focus is on the past year, it’s an opportune time to start thinking about the current year as a real opportunity to…
Last year was the first year that I had ever filed my own taxes. In previous years, my parents would take my tax information to our family accountant and she would helpfully let me know just what I was getting back. It was convenient, but it felt disconnected from reality. Coupled with getting married and…
I recently had the opportunity to interview Joanne Birtch, Vice president Marketing and New Business Development, Dr Tax Software Inc. to discuss UFile as we get into the tax season. Tom: Joanne, thanks for joining us on Canadian Finance Blog. Can you tell us what sets UFile apart from other tax software options available to…
