Making Income Tax Returns Simpler is No Simple Task

Making Income Tax Returns Simpler is No Simple TaskAlthough many people say Canada’s income tax system is overly complex — a realization often reached as they struggle to compile T4s and calculate federal and provincial credits — coming up with ways to reform it isn’t exactly a cakewalk either. The system has grown over the decades to include a host of provisions, tax avoidance language and credits that provide tax relief for particular groups of Canadians, ranging from…

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RRSP Spectacular!

RRSP Spectacular!The deadline is looming and Canadians still ponder about whether they should put more money into their RRSPs? When is the Deadline? According the to TD Waterhouse web site the deadline is Midnight on March 1st (so you get an extra banking day) for contributions to count on last year’s income tax. So you still have plenty of time to ponder this. A useful tool for this exercise is Quicktax’s…

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What Can I Deduct to Pay Less Tax? File Your Income Tax with QuickTax Review

What Can I Deduct to Pay Less Tax? File Your Income Tax with QuickTax ReviewNow that we have almost completed the RRSP season for the 2009 income tax year, it is now time to think about one of the most painful financial activities: file taxes! I’ve recently been contacted by Intuit (the famous producer of Quicken) to review their latest QuickTax 2009 income tax software. So they sent me a QuickTax 2009 standard edition so I can work with it for a while and…

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