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Tax Return Filing Tips
Every year over 25 million Canadians file a personal income tax return. In the not-so-distant past, the majority of tax returns were filed manually, which required tax payers to complete the paper forms, assemble the package, attach receipts and mail the return to the Canada Revenue Agency (CRA).
Read MoreDid You Know?
Fair market value - The price a willing buyer would pay a willing seller if neither was under any compulsion to buy or sell. It is the standard at which property is valued for a deemed disposition.
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A Bear Market is a declining financial market
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Capital Cost Allowance - A taxation term, equivalent to depreciation, that makes allowance for the wearing away of a fixed asset.
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A trustee is a person or firm that holds assets for the benefit of a third party.
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TSFA is an abbreviation for Tax-Free Savings Account. Learn more here.
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