In a new CIBC Harris/ Decima poll, almost 75% of Canadians are expecting a tax refund this year plan on using it to pay down debts or built up their savings. The poll found that only 8% of Canadians plan to spend their refund. Other key findings in the poll include 55% of Canadians have
Posts Tagged ‘tax’
Should we be Maximizing Refunds or Minimizing Taxes?
A new study by Scotia Private Client Group revealed that affluent Canadians have a very different approach than other Canadians. The study assessed Canadians’ attitudes towards tax planning, revealing that affluent Canadians are half as likely to focus on maximizing their tax refund; the primary focus being to minimize the taxes they pay, The average
Tax Credits to Reduce your Taxes
With tax season on us, it comes at no surprise that Canadian homeowners are looking for a number of ways to use their home to reduce their taxes. Having said that, there are several ways you home can be used to reduce your tax bills this year, and for the future. What are the tax
Dealing with Tax Mistakes
In life we all make mistakes; we are human it is only natural that mistakes are part of life. The solution lies in how we confront our mistakes, and what we do to own up to them. Realistically, when you make a mistake, depending on what it is about, you can either get off with
Tax Credits that are often Overlooked
At this time of the year we should be finishing filing our taxes to avoid any last minute rush. It is no surprise that some people have trouble telling the difference between their tax deductions from their tax credits. If you are using tax software, then most of the work is done for you, however
Great President’s Choice Financial Promotions
Today I will share two promotions President’s Choice Financial that will not only assist you with your savings this year but also provide a nice little bonus in PC Points. What is the first promotion? President’s Choice Financial is offering you 2.5% interest on any new deposit amounts that you make into the registered investments










