Mortgage principal is not tax-deductible, so if you’re making a significant payment towards the principal, double-check what your tax liabilities will be in that year.
readWe’ve had three accountants over the last 9 years, and this year I’m doing our own taxes! The first one was a referral, which unfortunately
readFor any given tax year, I use just 2 manila folders and an expandable box file to organize our tax papers. Manila Folder 1: Throughout
readLooks like GST/HST return processing will also be delayed, especially if you file close to or after March 19th. CRA is going to be replacing
readWe incorporated in 2004, but in May 2006 we reverted back to a non-incorporated partnership. With the final Incorporated tax return we’re dissolving the corporation.
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