More Tips on Tax Filing

There are a number of ways to get the maximum benefit from your tax filing, as a recent posting in the Toronto Star suggests. One of the important points, which many do anyway, is to file the return as a family. The Star article provides the obvious recommendation of preparing each return separately but file as a family. Start with the lowest income earner and working upwards on the income … [Read more...]

Common Mistakes Made During Tax Filing

It is tax time, and filling out the tax-form is an art. Recently, the CanadianAccountantTips blog ran a posting on some common errors many of us make: Omitting Small Income For example, many often do not include all their income. Many omit small amounts of income, even though they have to.   Claimable Expenses Then there are expenses for which tax credits can be … [Read more...]

Canada Pension Plan (CPP) Changes from 2011

There are some important changes to the Canada Pension Plan (CPP) starting this year.   Among the most important of the changes are the amendments to the actuarial factor for early and later retirement – with the cut off point being the official retirement age of 65. If You Are Retiring Before 65 Until now, CPP pension was reduced by 0.5% per month before age 65 that contributors … [Read more...]

Rona’s Latest Promotions

Rona, the Canadian home and garden centre, is having another, week-long savings special. The savings include $ 100.00 on a Venmar Range hood to $ 15.00 on a Catalina 2-light Torchiere Lamp. It will last until Dec. 28, 2010. For more information, visit the Rona Website. … [Read more...]

New Promotion for American Express AeroplanPlus Platinum Card

There is a new promo for the American Express AeroplanPlus Platinum Card. If you apply now, with the promo code given, you will earn 25,000 Aeroplan Bonus Points. The 25,000 Aeroplan Miles are enough for a round trip long-haul Reward Seat Economy Class within Canada or to the continental USA for one person. Applicable fees and taxes are extra, and seasonal conditions apply. 20,000 Aeroplan … [Read more...]

Rona’s New Week-long Savings

Rona, the Canadian home and garden centre, is having another, week-long savings special. The savings are as high as 26% on some products. It will last until Dec. 21, 2010. For more information, visit the Rona Website. … [Read more...]

Rexall PharmaPlus’ Bonus Air Miles Offer

Rexall PharmaPlus Drugstore chain is holding a 3-day special that will make Air Miles Collectors a happy bunch. The chain is offering 100 bonus Air Miles for purchases of at least $50.00 before taxes. The deal applies to “almost everything” on store, from Friday, Dec. 10, to Sunday, Dec. 12, 2010. Rain checks might be available for some products; this deal excludes prescriptions, products … [Read more...]

Rona’s Special Discount & Air Miles Offers

Rona, the Canadian home and garden centre, is having two specials: Between Dec. 8 -14, it is offering huge discounts. For example, a $50.00 off a $99.00 Haussmann 12v Drill. Click at this Rona site to get the Internet coupon which should be presented. Between Dec. 11-12, you will get 10x Air Miles for purchases of more than $40.00 (before taxes. No coupon … [Read more...]

The Good & Bad of Credit Card Cash Advances

From time to time, we get those nice letters, accompanied by blank cheques, from our credit card companies. The letters inform us that we can write ourselves sometimes up to 100-percent of our credit limit for a limited period for an interest rate of as low as 0.99%. Good or bad? The Good: Perhaps the cheapest credit you can get. Canadian banks’ prime rate is not below 3%. The Bad: … [Read more...]

Some Common Yet Dangerous Online Scams

We all have heard about Job postings that promise you work-at-home programs bringing you lots of money. We also know that they usually ask us to send money for which they send us some documents outlining ways to make money. They are nothing new, and do not bring any money. But it seems there are newer, more sinister versions, of this ad. In one version, what the fraudsters want is not just … [Read more...]

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