Top 5 Tax Credits for 2015 for Americans

As you prepare to file your tax returns, you may be wondering if there are any tax credits you can get to acquire a little more money in your return. The thought of having to file your taxes is cringe worthy, but knowing that there are tax credits you can get that are simple to discover may ease your mind. Earned Income Tax Credit Earned income tax credit is one of the most substantial credits a taxpayer can get. This was established...

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5 Tax Credits for Canadian Residents
Nov01

5 Tax Credits for Canadian Residents

As you prepare to file your tax returns, you may be wondering if there are any tax credits you can get to acquire a little more money in your return. The thought of having to file your taxes is cringe worthy, but knowing that there are tax credits you can get that are simple to discover may ease your mind. The 7 Deadly Sins Charitable Donations If you make donations to charity, make sure you are keeping the receipts. Charitable...

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Great Work Boots Are Great For Safety – But Are They Tax Deductible?

A person may be able to obtain tax deductions for various items, depending on the particular circumstances and thus be able to pay less in income taxes than he or she would otherwise – but the only problem is that the average joe rarely knows what constitutes and allowable deduction, and what doesn’t. This article is devoted entirely to tax deductions on work boots. As with other expenses, the tax deductibility of work...

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Installing An Energy Efficient Water Softener Can Result In A Tax Credit

We are always looking to save money around the home and there are many different ways to lower the bills while gaining tax credits at the same time, it’s all related to ‘energy efficiency’ In the US, the amount of energy that we use can be drastically reduced and tax savings have also been introduced which can be obtained if we choose to install energy-efficient appliances. It makes sense – the government wants us to do our part for...

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BC’s HST to PST Conversion
May05

BC’s HST to PST Conversion

In British Columbia, the Provincial Sales Tax (PST) and the Goods and Services Tax (GST) were combined together to create the Harmonized Sales Tax (HST). The goal was to increase the overall revenue of the area by around 3 million dollars. The HST ended up being around 13%, due to the fact that the PST was 8% and the GST was 5%. Many people who were under this tax opposed it because it would make it harder for families who had low...

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