With charity-scandals so often grabbing the headlines as of late, many people are wondering what measures are used to keep charitable organizations from being misused or abused. Each year, the Canada Revenue Agency audits approximately one percent of registered charities. This may take the form of a field audit at the charity’s location, or an […]
In Canada, in every province there are many things that be deducted from your rental income for tax purposes.
Here is a brief list of things you can deduct followed by a few things you can’t deduct.
What You Can Deduct
1. Interest on your mortgage
If your rental property has a mortgage, you can’t deduct the principal you’re […]
We all dream of riches – or at least of financial security. Yet what most of us do not realize is that our goals are well within our reach – if we are willing to follow the basic tenets of financial responsibility to get there. The following five steps are basic, easy rules by which […]