By Liz O'Dowd on February 14, 2013 
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Canadians file more than 26 million individual income tax and benefit returns each year, and all are electronically analyzed. Based on this analysis, CRA selects certain returns for review because they are high-risk. Other returns are selected based on a… {Read more}
By Liz O'Dowd on February 14, 2013 Leave a comment
RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits. There is no annual limit for contributions. For each beneficiary the lifetime limit on contributions is $50,000. Although there… {Read more}
By Liz O'Dowd on February 14, 2013 Leave a comment
Tax credit may be available if parent or grandparent (over 65) lives with you, even if they are not your dependent. If, at any time in the tax year, you (either alone or with another person) maintained a dwelling and… {Read more}
By Peter Kupovics on December 8, 2011 Leave a comment
Deadline for RRSP
By Peter Kupovics on December 6, 2011 Leave a comment
Americans getting a big break from Uncle Sam
By Peter Kupovics on December 5, 2011 Leave a comment
PayTrak prepares your 2011 T4’s for free!