Posts Tagged ‘planning’

Top 10 tips for prepping your personal tax returns – pt 2

Posted on: April 12th, 2011 by Dube & Cuttini No Comments

6. Claim CCA or the principal residence exemption Generally, we like to claim the capital cost allowance (CCA)— the tax equivalent to depreciation—on our properties. This decreases our current year taxes even if we will incur “recapture” when we ultimately sell the property. After all, a dollar today is worth more than a dollar tomorrow. However, if […]

Investment and tax plan: make it…then share it

Posted on: February 6th, 2011 by George E. Dube No Comments

Early in the year, we frequently receive questions about the tax implications of investing, including “How much should I invest in RRSPs?” Unfortunately, many of these decisions are rushed, focused on immediate tax savings but devoid of an overall investment and tax plan. This ultimately costs people unnecessary time and money. We encourage people to […]