Duke-ing it out with the CRA The year was 1930. The big crash in America had just occurred, but it had a world-wide impact. Everyone was doing everything they could to stay afloat and reduce their expenses. The Duke of Westminster, tired of the exorbitant income taxes he had to pay every year, had his advisors review the income tax legislation at the time and … [Read more...] about The Duke of Westminster Principle
Life
Navigating the facets of everyday life including managing finances, growing old, being single, staying healthy and more.
Make more money; pay less tax
A Conversation with John John*, a prospective client, was in my office and we were having a preliminary chat. “Last year I had to pay an extra $10,000 in taxes! Is there something you could do about that?” John asked. “I’m not sure. I see that you’ve brought in your tax returns. Mind if I take a look at them?” I replied. Within minutes of reviewing his returns, I … [Read more...] about Make more money; pay less tax
The dangers of skin cancer
When Anna Marie Dupont noticed a small growth on her left calf, she didn’t give it much thought. The growth first appeared 16 years ago and wasn’t troublesome. When it started to bleed, she showed it to her family doctor, who referred her to a dermatologist. Her dermatologist removed a portion of the growth and sent the sample for pathological examination. Anna Marie was … [Read more...] about The dangers of skin cancer
Free money – I just had to share
I don’t know about you, but I like free money. I really like free money. Additionally, I get a kick out of discovering hidden gems. So, when I find a little-known secret that offers free money to people, I get really jazzed. If you have a Registered Disability Savings Plan (RDSP) or think you might be eligible for one, this article is for you. If you know … [Read more...] about Free money – I just had to share
Setting up a My Service Canada account
Last month I wrote about the CRA My Account. If you acted on that article, you now have an account set up and can look up all sorts of useful information, get status updates, and upload documents when the CRA asks for them. If you haven’t registered yet, this can serve as your reminder. Since we’re on the subject of government platforms, did you know they have another useful … [Read more...] about Setting up a My Service Canada account