Trade Wars: Why Income Tax Filings Matter More Now

It’s hard not to get caught up in the trade wars saga, and of course it has serious economic repercussions. In times like these, our tax system can help. The federal government has indicated three pillars of support will be enacted, details of which are to come shortly:

A Referral that Really Paid Off:  Chris Valentine, ON,  Master Financial Advisor:

“We cannot hold a torch to light another’s path without brightening our own.”  Ben Sweetland

Employees who earn their living negotiating contracts for their employers or selling on commission may claim certain itemized sales expenses.  In all cases, however, receipt keeping is key; as is the availability of employer-signed Form T2200 Declaration of Conditions of Employment in case of audit.

A Federal budget date is expected soon after Prime Minister Trudeau and Finance Minister Morneau return from this week’s meetings with the new U.S. administration.

Which Canadian age group has the best credit scores?  Which has the worst?  What is yours and how can you improve it?  Knowing what is in your credit report is important.  If you have a poor credit history, it could be harder for you to get a credit card or a loan.  It could even affect your ability to rent a house or get hired for a job.

Several new tax filing changes should be noted by advisors working with Canadians who have assets in the United States or U. S. citizens living in Canada.