Monthly Archives: December 2018

Eligible Deductions & Credits

If you pay the following expenses by December 31, 2018, they will be eligible for the deductions of credits: childcare expenses deductible support payments charitable donations union and professional dues moving expenses political donations accounting fees medical expenses investment counsel fees interest paid on loads used to purchase investments tuition fees
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Contribute to Your RRSP

The most popular tax tool available to taxpayers is investing in a registered retirement saving plan (RRSP). Contributions to RRSP’s are tax deductible and the income earned within the plan grows tax deferred until retirement. You can claim a contribution of up to 18% of 2017 earned income to a maximum of $26,230. Earned income…
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