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Don’t miss these upcoming deadlines!!

For individuals, March 3, 2014 is the deadline for contributing to an RRSP for the 2013 tax year.  You can find out how much contribution room you have by: – checking your 2012 T1 Personal Return Notice of Assessment -accessing My Account on the CRA website http://www.cra-arc.gc.ca/esrvc-srvce/tx/ndvdls/myccnt/menu-eng.html – or by calling TIPS (Tax Information Phone… Keep Reading …

Minimum Wage increases June 1, 2014 in Ontario!

Minimum wage is going up on June 1, 2014.  The new rates that must be paid to an employee are as follows:              General minimum wage –            $ 11.00 per hour (currently $10.25)             Student minimum wage –            $ 10.30 per hour -under 18 (currently $9.60)             Liquor servers minimum –           $ 9.55 per… Keep Reading …

Happy New Year!

Wishing a very Happy New Year to my clients, colleagues and friends! Hoping that 2014 is a prosperous, exciting year. I have a big adventure to Kenya planned for 2014, will give you more details as they are available.  We are just in the planning stage. Louise Keep Reading …

Mileage Rates for 2014

Mileage Rates for 2014 There are no changes to the mileage rates for 2014.  Rates in existence for 2013 remain. Check out the Government of Canada Press Release for full details. http://www.fin.gc.ca/n13/13-170-eng.asp         Keep Reading …

Tax Refund Scams

One of my clients forwarded me an email from Canada Revenue Agency this morning.  It said she was entitled to a refund.  If you get one of these emails, delete it immediately.  Do not click where it says to access the refund form. Canada Revenue Agency never corresponds with taxpayers by email. Here is what… Keep Reading …

I’m a mean mom, just ask my kids, or “How I taught my kids to save for post-secondary education”

My husband Brook wanted to be an electrical engineer.  We met as he was heading off to Ottawa University.  Unfortunately with little money saved and parents unable to help, he had to leave at Christmas time due to lack of funds.  He ended up going on to college and graduated an engineer technologist. Fast forward… Keep Reading …

Sharing the wealth

Each year after April has passed, I make a donation to a non-profit organization of a portion of the tax season profits.  This year in honour of our new puppy Kody, that donation is going to the Moosonee Puppy Rescue, the group that rescued Kody and his mom and brothers from Attawapiskat. http://moosoneepuppyrescue.com/ Sharron and Paul Purdy… Keep Reading …

Paying for University or College

With my son Brett ready to graduate from Ryerson and Kevan off to Queen’s in the fall, I’m frequently asked by clients how much it costs, and what is the best way to save.  I tell them the first step is RESP’s (Registered Education Savings Plans).  You need to start as soon as you child… Keep Reading …

Crunch Time – Have you filed yet?

April 30th is approaching in just over a week (or 9 days if you are counting like I am!).  Have you filed your income tax return yet? Not sure if you have to file, check out this link on the CRA website for reasons why you should file: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/flng-blgtns/menu-eng.html What happens if you don’t file: – if… Keep Reading …