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Marriage and Taxes | Tax | Money Saving Tips
The biggest events in life also have big tax implications. Saying “I do” is among the biggest of life’s changes, and from a tax perspective it’s right up there with..well…death. One common misunderstanding is that the Canada Revenue Agency distinguishes between marriages, common-law relationships and civil unions. It does not. Similarly, the CRA treats same-sex […]
Vehicles for Business: Auto deductions | Tax | Money Savings
Car-related tax deductions exist, but the rules are fairly restrictive If you use a vehicle to earn employment or business income, the Canada Revenue Agency allows you to make some auto-related deductions on your tax return, but the government cannot be said to be generous in this area. Those who lease a vehicle can claim […]
Wayne, Alberta Pop: Then 2490. Now 27!
It is amazing the treasures one can find in one’s backyard! Especially if that backyard happens to be a place called Drumheller, in the eastern part of the Canadian Province of Alberta. This part of Alberta is one of my favorite places in the world. Why? Well, you will just have to step in to […]
Donde Esta Carol (finding lost love in Costa Rica) | Budget Adventure Travel
Once upon a time, when I was young(er), I was absolutely smitten by one of the most beautiful girls I had ever seen. She was from Costa Rica. We met in Central New Jersey. At a KFC location. After initial courtship, we set a date for dinner. The date never took place. Dinner never happened. […]
Family Business: How SME income-splitting works | Tax | Money Savings
It’s exhilarating and liberating to watch your small business grow and become a success. After long hours of stress and hard work, you’re finally on the map. But as your unincorporated small business begins to thrive, its increasing revenue may begin pushing you into a higher tax bracket. The potential for income-splitting within the family […]
Costa Rica Rainforest Vacation Adventure Tour 2| Budget Adventure Travel
If you are reading this post first time, I suggest you first read Part 1 of this story. If you are seeking a family oriented adventure Eco Tour Vacation and Excursion in Costa Rica Atlantic on a budget , Budget Adventure Travels recommends the Rainforest Adventures Costa Rica Lodge. The lodge is also an excellent option […]
Enjoying some holiday benefits at work? You may need to tell the taxman | Money Savings
Canadians are a little down this holiday season, at least when asked about holiday workplace perks. A recent survey found only 44 per cent of Canadians expect to indulge in a traditional rite this season: the employer-sponsored holiday party. And extra dollars will be even harder to come by, as only 17 per cent are […]
Canmore Cave Tour Adventure | Budget Adventure Travel
The closest I came to visiting a cave was in Oman and the Dominican Republic. It was incredible to experience the world from the life of the Hobbit . But these caves were more like caverns that offered full upright walk-ability for all heights. Crawling through tight spaces is another thing. So when I realized that […]
Maximizing the RESP benefit | Money Saving Tips
Within the group of various tax deferred/free savings initiatives provided by the Canadian government to its residents, the Registered Environment Savings Plan (RESP) is like the black swan of the programs; In the sense that it tends to be overshadowed in popularity and familiarity by its other well-known cousins – the RRSP and the TFSA. But we have […]
Rock Legend Bryan Adam to host Schmancy 2014 | Calgary Lifestyle | Social Commentary
Schmancy 2014 presented by Enbridge Saturday, February 22, 2014 Schmancy is the must-attend, sure-to-sell-out, event of the year. It’s a non-gala gala that turns the concept of fundraiser on its head. Support Glenbow in a night of arts and culture and look fabulously posh doing it. Tickets are $250 each and include one Glenbow Adult […]
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