“In this world nothing is certain but death and taxes.” That’s one of my favorite quotes from Ben Franklin, the eighteenth century American author, diplomat, inventor and scientist who’s iconic image is associated with my company, Franklin Templeton Investments Corp. Death, of course, is inevitable. I hope my fitness regime, balanced diet and lots of…
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Investors on the lookout for an often overlooked tax deduction should scan their T4 slips carefully. If there is a notation at the bottom of the slip that refers to Box 36—Interest Free or Low Interest Loan, it’s possible that you will qualify for a deduction under Carrying Charges, Line 221 of the tax return….
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With only a couple weeks left until the tax deadline, you may be rushing to complete your return and file your taxes. However, you benefit the most from planning your taxes throughout the year. And if you really want to improve your tax situation, there is no better way than to have your own small…
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With about one month remaining until the tax deadline, I thought it might help to review some of the simple ways that you can maximize your tax return. By planing how to optimize your taxes, you can put more of your money back in your pocket. While most Canadians know they can receive a tax…
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While I’ve written about StudioTax in both the 2008 and 2009 tax years, I recently found out about another free Canadian tax program called Udotaxes. Udotaxes has a very polished look that makes it appear less like free software and more like QuickTax or UFile. There is a wizard for entering your basic information such…
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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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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…
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