Taxes

Are You Taking Advantage Of Your Provincial Tax Credits?

Did you know that each province and territory in Canada has tax credits that can help Canadians to reduce their provincial income taxes each year?  Unfortunately, many people are unaware of the tax credits available to them, and sadly, the ones who do their own taxes but are unaware, are the ones who lose out.  Even if you hire a tax professional to file your taxes for you every year, it is still good for you to be aware of what is available to you.

How can I find out what tax credits are available?

If you want to know what specific tax credits are available to you in your specific province or territory, simply go to the Canada Revenue Agency (CRA) website, and check out the section entitled Provincial and Territorial Tax and Credits For Individuals.

Continue Reading

October 10, 2012
Taxes

Setting Up My Account On The CRA Website

A great way to keep track of everything that relates to you and the Canadian government is to set up My Account on the Canada Revenue Agency (CRA) website.  So, rather than having to shuffle through a million papers when you need to find something, you can just go online and find the information easily.

What are the benefits of using My Account?

1.  Tax Refund or Taxes Owing:  My Account is a great place to look up how much income tax you should be expecting in the form of a refund, or alternatively, how much tax you owe and when it is due.  By looking it up online, you will be able to see this information much more quickly instead of having to wait to find out when it is mailed to you.

Continue Reading

October 8, 2012
Gifts

Be Informed Before Donating To Charities

It’s a great idea to donate money to charities; however, it is very important that you do your homework before making a commitment.  Do not let anyone pressure you into making a decision on the spot.  Be sure to tell them to come back or call back later so that you have time to look into the charity further.  You work hard to make money, so you don’t want to give it away to just anyone.  You need to make sure that the charity is legitimate and that they are not wasteful with the donations they receive.

Canadians have a great resource that will aid them in making an informed decision about who to donate to, and where their money goes.  The Canada Revenue Agency (CRA) website has a section devoted to charities, and it provides Canadians with a user friendly resource for quickly searching and learning about various charities.

Continue Reading

October 5, 2012
General

The Importance Of Having Contents Insurance For Your Home

Do you have ceramic hobs (in fixed appliances), sanitary ware and fixed glass in your home? Learn how to take care of them and make sure they’re covered by home insurance.

When people think about taking out contents insurance, it’s mainly for the things they value most. After all, they want to protect their jewellery, electrical items and, of course, all 236 episodes in their Friends DVD box set.

Joking aside, if you’ve been looking into buildings insurance quotes, it’s a good idea to make sure you cover the things you might otherwise take for granted – such as the ceramic hobs on your cooker, and even your bathroom sink. If they accidentally get broken or damaged, they can be expensive to fix or replace.

Continue Reading

October 2, 2012
Earn Extra Money

How To Make Money Doing Computer Cleanups

Did you know that you can make money doing computer cleanups? This is a very lucrative business because the majority of people who own computers don’t know much about them, and most do not know how to do a cleanup correctly. A lot of computer owners think that their computer cleans itself, but, unfortunately, that is just not the case.

The best way to make money doing small computer cleanups is to start off with basic software that cleans the computer and then runs the already installed Windows software. Usually, this will take you about an hour to do and in that time you can easily make $50. This is not very hard work either; all you need to do is find the clients that you will do this for.

Continue Reading

October 1, 2012