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TAXATION

Salary or Dividends?

The way a bonus is paid has a significant effect on corporate and personal after-tax income.

You are an owner-manager and you've just had a really good year. Profits...

The Globe and Mail has recently published an excellent article on Medial Expenses.

Tax advice for an aging nation: Get to know the medical expense tax credit.

The shadowy medical expense tax...

Make sure you hire the right person or company to prepare your income tax return.

According to the Canada Revenue Agency (CRA), 28 million people file income tax returns each year and of that...

We are starting income tax season so this is an ideal time to review some of the changes that will apply to this year's tax return. A federal election is scheduled for later this year, so it is no...

March 2, 2015 is the deadline for Registered Retirement Savings Plan (RRSP) contributions that qualify for deduction on your 2014 tax return. Several clients have contacted me recently to confirm...

You can claim on your personal tax return, eligible medical expenses for yourself, spouse and dependent children born after 1996, for any 12 month period ending in that tax year. The medical...

In Canada, every adult and every corporation must generally file an annual income tax return.  What we do at Towler & Associates is help our clients fulfill their tax filing obligations while...

Last year, my partner decided to spend less time worrying about tax returns and spend more time with his family. As a result of his retirement, many things will remain the same such as our...

Over the next few months some of your friends and family may bring up the subject of dreading the task of preparing their own 2013 tax return.  You can provide some wise advice to them by...