The Conservative government announced an income-splitting tax break for parents last Thursday.The measure will allow the higher-earning parent of children up to 18 years of age to transfer as much as $50,000 of income to the lower-earning spouse for tax purposes.
For the self-employed the deadline this year is June 16th. Usually this occurs on the 15th of June but that is a Sunday this year. So guess what? You have extra time to get your receipts sorted and organize all of your records. Small... Continue reading