Efficient Child Care for Tax Purposes

Efficient Child Care for Tax Purposes

Is there an efficient way to plan child care expenses? It is important to know what expenses are deductible and what the limitations are to plan efficiently.  Child care expenses are deductible for tax purposes usually by the lower income spouse (there are some...
Efficient Saving for our Children’s Futures

Efficient Saving for our Children’s Futures

What is an efficient way to save for my children’s future? There are many options available to families and a recommendation is to consider the tools provided by the Canada Revenue Agency (CRA) for savings: the Registered Education Savings Plan (RESP) to fund future...
Salary versus Dividends

Salary versus Dividends

For small businesses, a major tax-planning area is how to extract the profits of the company in the most tax-effective manner. In choosing the best method for your company it is important to correctly identify your objectives along with any possible limitations for...