http://www.softrontax.com/services/ In this video Softron team member Sukjhit Annad discusses the income tax preparation topic of pension credits.
www.TaxMama.com Today TaxMama hears from Susan in the TaxQuips Forum, who is perplexed. “My husband started receiving a Canadian pension this year. There was $115 non-resident tax paid on the pension. Canadian tax officials tell me that it can be claimed as a foreign tax credit. I have no idea how to do this. Do I need to fill out a Form 1116? If so, I found this to be one of the most incomprehensible tax forms ever! What category of income is it?” Read the answer www.TaxMama.com Image Credit: www.flickr.com
Get the latest tax tips from Cleo Hamel, a Senior Tax Analyst with H&R Block, discuss how to prepare your taxes for Canadian Seniors. Information on applying for old age security and income splitting CPP tax credits, age amount tax credit.2009 Tax Preparation Service Canada
www.pension-income-splitting.com More With the passing of the Canadian Federal Budget, we can expect to save thousands of dollars in taxes. Retirement income splitting allows you and your spouse (including common law) to lower your total taxes throughout retirement. This started in 2007, and any Canadian resident with eligible income can allocate up to 50% of that income to their spouse. There are different types of income eligible depending upon whether you are under or over age 65. The types of income can include employer pension income, lifetime income paid from Registered Retirement Income Fund (RRIF), Locked in Retirement Income Fund
[More]
Here is an interesting video on YouTube .. * YouTube Description Get the latest tax tips from Cleo Hamel, a Senior Tax Analyst with H&R Block, discuss how to prepare your taxes for Canadian Seniors. Information on applying for old age security and income splitting CPP tax credits, age amount tax credit.2009 Tax Preparation Service Canada Source: http://www.youtube.com/v/QkVf7EBpKeM?f=videos&app=youtube_gdata
Here is an interesting video on YouTube .. * YouTube Description The new tax year start on 6th April and a series of tax give-aways are lost if you do not use them before this time. Steve covers the 3 most important for you particularly the need to bring income FORWARD (i don’t think we have ever suggested that before!) into this tax year rather than pay the higher rates that will apply next year. Source: http://www.youtube.com/v/xEQZtN4B_8U?f=videos&app=youtube_gdata
