The Duke of Westminster principle remains alive and well here in Canada: taxpayers still have the right to manage their affairs in order to minimize taxes payable. For some, those affairs may include RRSP contributions which have a deadline 60 days after the end of the year, but for most tools the deadline is December 31. Tax planning shouldn’t be left until the end of the … [Read more...] about Time for some last-minute tax planning
Taxes
A taxing time
The government fully admits it. It’s there in black and white on the Government of Canada website (canada.ca) on the History of Taxes. “In 1917, as a temporary measure to help finance the war, the federal government introduced the Income Tax War Act, covering both personal and corporate income.” It then took 31 years for them to finally admit that “…income tax was no longer … [Read more...] about A taxing time