By planning ahead, savvy investors are able to take advantage of sophisticated strategies that will amplify their tax savings in the years to come. They do it by using a tactic called “income smoothing.”
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Taxes helps you plan, prepare and complete your taxes prior to the spring deadline.
Tradespersons can deduct from their income part of the cost of tools purchased throughout the year.
Date 13-03-04, Duration 1:54, Views 49200
Video by: MSN.ca Presents | Our Tax Guide on MSN.ca Our Money section on MSN.ca
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Volunteer firefighter tax credit
Date 13-03-04 2:46Tooltip Information:
Volunteer firefighter tax creditVideo by:Description: If you are a volunteer firefighter, you may be able to claim an amount of $3,000.Rating: 4Views: 8153 -
First-time home buyers' tax credit
Date 13-03-04 2:39Tooltip Information:
First-time home buyers' tax creditVideo by:Description: First-time home buyers can claim a non-refundable tax credit of $750 for the purchase of a qualifying home.Rating: 4Views: 4085 -
Tradesperson's tools deduction
Date 13-03-04 1:54Tooltip Information:
Tradesperson's tools deductionVideo by:Description: Tradespersons can deduct from their income part of the cost of tools purchased throughout the year.Rating: 2.92Views: 49200
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Pension income splitting
Date 13-03-04 2:38Tooltip Information:
Pension income splittingVideo by:Description: Pensioners can split up to 50% of eligible pension income with their spouse or common-law partner and reduce their overall tax paid.Rating: 4.5Views: 15563 -
Children's fitness tax credit
Date 13-03-04 3:37Tooltip Information:
Children's fitness tax creditVideo by:Description: A non-refundable tax credit of up to $75 per child for eligible expenses (maximum $500) of enrolling in a prescribed program of physical activity.Rating: 2Views: 3910 -
Public transit tax credit
Date 13-03-04 3:41Tooltip Information:
Public transit tax creditVideo by:Description: A non-refundable tax credit that helps individuals cover the cost of public transit.Rating: 4Views: 5523
How many credit cards should one person have?
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- 73 %Just one. Credit cards should only be used for emergency situations.
13,230 votes - 16 %As many as you can. Credit cards are a great way to make purchases and get great rewards.
2,950 votes - 11 %None. You should never buy anything on credit.
1,998 votes
Total Responses: 18,178
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