Which income is included in pension income splitting?
Any pension received from a company regardless of how old you are, RRIF when you turn 65, and any pension … Read More
Any pension received from a company regardless of how old you are, RRIF when you turn 65, and any pension … Read More
You must apply for Old Age Security (OAS). It is best to start applying for it 6 months before you … Read More
It may not be the most tax-efficient manner. Keep in mind that your spouse may have other taxable income and … Read More
The Canada child benefit (CCB) is a tax-free monthly payment made to eligible families to help them with the cost … Read More
You will have to print off form T2201 – Disability Tax Credit Certificate and get a specific doctor to fill … Read More
The child must use the tuition first to reduce any taxes payable before s/he can transfer any unused tuition to … Read More
Your child can transfer up to maximum of $5000 federal as long as your child does not need it to … Read More
This is a complex question as everyone is different. There is no right or wrong answer. The idea of contributing … Read More
Check your Notice of Assessment of the last tax return that you have. You will see at the bottom how … Read More