Financial scammers and their schemes are regular news these days. It seems like we humans were born to be scammed. I’m sure the first con artists scammed people out of their cattle, grain and spears. I’m sure financial scams came into being the day currency was created. One of the most powerful tools of modern(…)
Tax
Owe Tax… Now What?
This is the time of the year we gather all our tax forms, personal/business receipts, load up our tax software, or head off to our tax preparer. In about a 30 minutes is the moment of truth. Will you owe this year? For many the reality is you will owe tax. So what do you(…)
Pay Less Tax … Maybe
Over the last couple of weeks I attended a seminar focused on paying less tax. Nothing angers the average Canadian more than the idea of paying too much income tax. (Of course the room was full!) Tax Shelters are legal in Canada and they aren’t new. These programs use loop holes in the tax code(…)
Canada’s Federal Budget 2011
The Federal Government released it’s budget this week. Now the question is what effect will it have on your financial life in 2011?Although there are no significant changes, due to a impending election, there are some financial programs that are being extended for business along with some tax credits for parents and children. Check out the information(…)
Tax Refund? 5 Things to do with it
Over the next couple of weeks the Kelowna economy will receive a boost as many receive their tax refunds. For many the plans are being made right now to, go on vacation, buy new living room furniture or treat the family to nice dinner out. But before you cash that cheque you may want to(…)
Using Tax Deferral to help Your Retirement
2009 is over and 2010 is here. As we enter the new year we are all recovering from our Christmas financial misadventures, and making new years resolutions for better financial plans for the coming year. The question this time of year is do you contribute to your RRSP? It is hard to believe The RRSP(…)
Details from the 2009 Budget
I have had many requests for more information on the 2009 budget.Below is a link to a slide/audio presentation from Invesco Trimark you might find helpful. Keep in mind to consult with your tax advisor before making any tax planning decisions. “2009 Federal Budget summary with Doug Carroll” authored by Doug Carroll. Its length is(…)