CGA

Read more about the article Tax Tip: Group Medical and Medical Expenses
Personal Finance / Tax Tips

Tax Tip: Group Medical and Medical Expenses

If you are a member of a group medical insurance plan and you pay all or a portion of the premium through payroll deductions, those premiums may qualify as medical expenses for the medical expense tax credit. Other commonly overlooked medical expenses include: Co-payments or non-reimbursed portions of medical expenses Dental bills Certain attendant care expenses for persons with disabilities…

Comments Off on Tax Tip: Group Medical and Medical Expenses
January 28, 2013
Read more about the article The Benefits Of A Holding Company
Business / Corporations / Tax Planning

The Benefits Of A Holding Company

If you carry on a business as a corporation you may want to consider using a holding company to own your operating company. The holding company structure offers tax deferral opportunities and can help insulate your accumulated wealth from creditors or be used to avoid the U.S. estate tax. The Basics of A HoldCo In its basic format, a holding…

Comments Off on The Benefits Of A Holding Company
May 25, 2012
Read more about the article 2012 RRSP Deadline
RRSPs & RRIFs

2012 RRSP Deadline

I`ve noticed a few websites have been writing that the RRSP deadline is March 1st. The Income Tax Act allows you to deduct RRSP contributions made in the first 60 days of the year following the tax year. Since 2012 is a leap year, the last day to contribute to your RRSP and claim the deduction on your 2011 income tax…

Comments Off on 2012 RRSP Deadline
December 4, 2011