We’ve talked about the benefits of filing your taxes early. Now let’s talk about filing taxes late and what happens in that situation… It’s not good! Filing taxes late results in major interest in penalties. The interest for filing late changes with the going interest rate. At the time of Read more…
Happy tax season! As you’re preparing your things to file your taxes (or maybe you haven’t started yet), we wanted to go over some awesome benefits of filing early! RRSP Benefits If you’re not sure how your RRSP can help with tax savings, check out our RRSP blog here. The Read more…
As we near the cut-off for depositing to your RRSP for the 2020 tax season, let’s talk about what an RRSP actually is and how you can use it to maximize your savings. What is an RRSP? An RRSP something many people overcomplicate, but really it’s just a bank account Read more…
In a year with more people working from home than ever, many might be questioning if or how they can deduct home office expenses. Yes, if you’ve been working predominantly from home, you can deduct some home office expenses against your income. However, there are some things to consider and Read more…
Tracking expenses and keeping receipts organized is one of the number one things people struggle with when it comes to business. It can be time consuming and tedious, and people just seem to not like doing it! (We don’t blame them, but it needs to be done). It comes time Read more…
Saving for your first home is an exciting time, but there is a lot to think about. It’s important to know about all of the resources available for you to help make saving a little bit easier. One such resource is the RRSP First Time Home Buyer Program. Why RRSP? Read more…
Today’s video is an app spotlight for you! Do you use your personal vehicle for business? A lot of business owners do, so figuring out the amount of expenses you can write off is important. However, this process can seem overwhelming because you need to stay on top of tracking Read more…
A few weeks ago we did a video all about debt and which debt to focus on paying first. If you missed it, be sure to check it out and then come back here for this one! In that video, we talked about how sometimes the loans/debt you should focus Read more…