Split your retirement income and save a bundle
Shave thousands off your tax bill in retirement with income splitting.
Tax
Catch up to unused RRSP contribution room
Canadians have a combined $600 billion in unused RRSP room. Claim your fair share and keep more of your hard-earned money at tax time.
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Act like an American and deduct your mortgage interest
Follow these steps to effectively get a tax deduction on your mortgage interest.
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TAGS Tax Centre 2013 taxesReceipts to toss, keep and find at tax time
You’ve got two weeks, go find those medical and kid-related receipts because they can pay out in dollars, Bruce Sellery tells Jody And Riaz of BT Vancouver.
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How to claim U.S. rental income
Claiming income from a U.S. rental property to the IRS could work in your favour.
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Deduct your mutual fund fees
Ask your adviser whether he or she can arrange to use a different class of mutual funds that does not include embedded “trailer” fees.
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TAGS Tax Centre 2013 taxesDeduct your side business
If you’re self-employed or have a small business on the side, you can take advantage of many tax deductions. The beauty is some of these mixed-use expenses would have been incurred anyway.
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Maximize your charitable donations
Reduce your tax bill and leave more for charity by donating stocks in kind.
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TAGS Tax Centre 2013 taxesSay goodbye to paper tax returns
Tax software makes it a snap to file returns electronically over the Internet and carry over key information into the future.
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10/8 Insurance: Get out while you still can
Ottawa has finally closed the door on Leveraged Annuity and 10/8 Insurance strategies. Here’s what you need to know.
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Four tax bumps seniors should look out for
Pay attention to the key points where taxes jump to a higher rate. Retirees can then try to smooth out income to stay just under the next highest tax bracket when possible.
