It’s vital to understand your personal financial situation in order to be able to communicate everything clearly to your tax accountant.
Personal Finance
Articles about personal finance issues for Canadians
Maximize Your Tax Savings
Working from home may increase your ability to take deductions against your income on your Canadian tax return.
RRSP FAQ
It potentially helps your tax situation.
KATA Accounting’s Early Bird Tax Specials
If you get everything to us before April 1st, 2021, you get 30% off!
Saving Money: RRSP or TFSA?
It depends on your situation.
Couples’ Cohabitating Considerations
Happy Valentine’s Day! Considering moving in with that special someone? Congratulations! Discussing and agreeing on the details of your new love merger can make the process a lot easier. Where do you want to live? Will you rent or buy? Whose turn is it to do laundry (and other responsibilities)? Are you ready to take Continue reading
Personal Budgeting Hacks for COVID
COVID-19 has hit a lot of people in the pocketbook. Preparing and maintaining a personal budget can be really helpful in surviving these trying times.
Personal Taxes FAQ – 2020 COVID Edition
2020 Personal Tax FAQs *Plan ahead for tax-filing season. To avoid delays and to reduce your potential exposure to COVID-19, the Canada Revenue Agency (CRA) encourages you to sign up for direct deposit, and file online as early as February 22, 2021.* GENERAL Do I need to file a tax return? If you are a Continue reading
Canadian Personal taxes
Tax breaks you can no longer claim: Tuition. Students in Saskatchewan, Ontario and New Brunswick can no longer claim a provincial tax credit for their tuition expenses, noted Warren Orlans at TurboTax. The federal tuition tax credit, however, is still alive and well. Students over the age of 16 who are enrolled in post-secondary level courses Continue reading
Ways to Save Money
How do people waste money?