The rise of platforms like Airbnb has revolutionized the way people travel and stay in different cities. Ontario, like many other provinces, has seen a surge in short-term rentals. But with this surge comes the need for regulation, especially in the realm of taxation. Let’s delve into Ontario’s stance on Read more…
Hey there, dear readers! Today, we’re diving into a topic that affects many of us in Ontario: The Climate Action Incentive. Don’t worry, I’ll break it down in a way that’s easy to understand. So, grab a cup of tea or coffee, and let’s get started! What is the Climate Read more…
Your Simple Guide to Tax Buckets (Brackets) in Ontario: Hey there! If you live in Ontario, you’ve probably heard about taxes. We all pay them but understanding them can be a bit tricky. Don’t worry! We’re here to break it down for you in a simple way. What’s the Deal Read more…
The New Canada Workers Benefit 2023: A Comprehensive Guide. The Canadian government is introducing the New Canada Workers Benefit (CWB) on July 28, 2023, to provide essential financial aid to low-income workers across the country. Eligible single workers and families can expect to receive quarterly payments, with amounts of up Read more…
Mental and physical health are important to leading a rich and happy life. Doctors say getting regular exercise can combat health conditions and diseases, improve moods and energy levels all while helping you get a better sleep. Doctors are trying a new prescription to support mental health and physical health. Read more…
A common question asked by clients is “How do I LOWER my taxes at YEAR END?” Steve will break down 3 TIPS for lowering your taxes at year end by USING INVESTMENTS! These are HUGE YEAR-END TAX SAVING TIPS in CANADA that will Minimize YOUR Tax Bill, Maximize YOUR Tax Read more…
Some exciting news coming for seniors in Ontario. The Government is increasing the Old Age Security pension by 10% for seniors 75 and older as of July 2022. How great is that? The Old Age Security pension is a monthly payment that seniors get after you turn 65. It is Read more…
The Ontario Tourism and Travel Small Business Support Grant provides a $10,000 – $20,000 grant to eligible businesses. How do you know the amount you will get? Well… the government hasn’t really explained that part. When the Government rolled out the Ontario Small business support grant, it left the tourism Read more…
In typical Government fashion, they rolled out this credit and explained it in a way unlike anything they have ever explained. Thats just great… right? Steve N’ Tyler dive into this credit in this weeks Wealthy Choices episode. The Canada Training Credit is a refundable tax credit available for eligible Read more…
In this weeks episode of Wealthy Choices, Steve N Tyler talk about the first time home buyers plan being increased to 35K. What is the first time home buyers plan? It’s a plan that allows you to take money from your RSP to fund the purchase of your first home. Read more…
The CRA has begun sending out T4As to Canadians who received COVID-19 income benefits in 2020. This includes CERB, CESB, CRB, CRCB, and CRSB. These slips will reflect all income received from the government due to the pandemic. Letters on CERB Ineligibility Some people have also received letters stating that Read more…