Pension Income Splitting is the Cinderella Tax Story for Seniors
Senior citizens concerned about losing income trusts as a low-tax investment vehicle can rest a little easier with the federal government proposal to allow income splitting. There is no shortage of eligible seniors: according to Statistics Canada there are more than 3.2 million people over 60 who are living common-law or legally married.
Read More...
Seniors Canada Online
Canadians have said they want one-stop access to Government services, and the Government of Canada is committed to meeting this need. Government of Canada departments and agencies are grouping their electronic information and services according to topic or target audience. They are developing Internet sites that give Canadians access to this information. Seniors Canada On-line is the Government's response to seniors' request for easy electronic access to seniors-related services.
Read More...
Why Not Make That Mortgage Tax-Deductible?
Imagine if you were able, like the Yanks, to write off all the interest on your mortgage payments from your taxable income. Since most of your payment is interest, that would be a windfall to surely increase your wealth by slashing your tax bill.
Read More...
A Simple Income Tax Telephone Service for Canadian Seniors
Service for Seniors provides a simple system for low-income seniors in Canada, or those helping them with their income taxes, to file their Canadian income tax returns by phone.
Read More...