Q1 2014 Tax Tips & Traps Newsletter

Our Q1 2014 Tax Tips and Traps newsletter is out! In this Edition Medical expenses and related travel costs Medical expenses and home renovations What is your marital status? Splitting up (Divorce) and transfers of property Fitness club dues as tax-free benefits? Insurance policy transfers Charitable donations of free rent Web tips for living in retirement Download your copy of Tax Tips & Traps.

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RRSPs And Retirement Allowances

If you have lost your job or are retiring and will be receiving a severance payment, you may be able to shelter some of your severance from income tax. To be able to do this, the payment must qualify as a retiring allowance and depending on your circumstances, some may be direct transferred to an RRSP. What Is A Retiring Allowance?…

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