Jamie Golombek: Changes to how travel allowance was calculated and paid trip up B.C. boilermaker Published Aug 31, 2023 • 5 minute read CRA rules say if you’re an employee who needs to use your car for work, you must meet certain conditions in order to deduct some of your automobile expenses on your tax… Continue reading Taxpayer finds himself on wrong side of CRA when claiming employee expenses
How to get the biggest bang for your back-to-school buck
A short plan for how to get what the kids need is better than no plan Published Aug 31, 2023 • Last updated 16 hours ago • 4 minute read Back-to-school supplies in a store in Toronto. Photo by Cole Burston/The Canadian Press files One of the biggest annual expenses for parents is paying for what… Continue reading How to get the biggest bang for your back-to-school buck
When should I start CPP and what’s the best way to draw down my retirement investments?
Couple already in retirement seeks advice on a new strategy Published Aug 30, 2023 • Last updated 21 hours ago • 5 minute read It’s important for people about to retire to be clear about their expenses. Photo by Gigi Suhanic/National Post photo illustration By Mary Teresa Bitti One of the key challenges people face in… Continue reading When should I start CPP and what’s the best way to draw down my retirement investments?
Designing a new financial strategy while already entering retirement
Couple is on track to have just enough investment income to provide for their desired lifestyle Published Aug 30, 2023 • Last updated 1 hour ago • 5 minute read It’s important for people about to retire to be clear about their expenses. Photo by Gigi Suhanic/National Post photo illustration By Mary Teresa Bitti One of… Continue reading Designing a new financial strategy while already entering retirement
My mortgage is coming up for renewal – what should I do now?
HELOC vs. fixed rate vs. variable rate Published Aug 29, 2023 • Last updated 2 hours ago • 6 minute read Interest rates on mortgages have gone up a great deal in the last year and a half, but homeowners who are renewing should be more concerned with where those rates might be headed. Photo by… Continue reading My mortgage is coming up for renewal – what should I do now?
Top tips to cope with an expensive back-to-school season
Watch: Kelley Keehn has some creative ideas on how to budget for school expenses as the cost of living soars Published Aug 27, 2023 • Last updated 20 hours ago • < 1 minute read School supplies are more expensive this year thanks to higher inflation. Photo by Cole Burston/The Canadian Press Kelley Keehn, founder of… Continue reading Top tips to cope with an expensive back-to-school season
CRA decision to deny taxpayer late-filing relief sent back for review by judge
Jamie Golombek: Court says CRA was ‘unreasonable’ and conclusion ‘not justified, transparent or intelligible’ Published Aug 24, 2023 • Last updated 1 day ago • 4 minute read The Canada Revenue Agency assessed an Alberta taxpayer penalties and interest totalling about $6,000 for not filing two T1135s on time. Photo by Brent Lewin/Bloomberg If you own… Continue reading CRA decision to deny taxpayer late-filing relief sent back for review by judge
‘Faulty inferences’: CRA decision to deny taxpayer late-filing relief sent back by judge for review
Jamie Golombek: Court says CRA was ‘unreasonable’ and conclusion ‘not justified, transparent or intelligible’ Published Aug 24, 2023 • Last updated 17 hours ago • 4 minute read The Canada Revenue Agency assessed an Alberta taxpayer penalties and interest totalling about $6,000 for not filing two T1135s on time. Photo by Brent Lewin/Bloomberg If you own… Continue reading ‘Faulty inferences’: CRA decision to deny taxpayer late-filing relief sent back by judge for review