10 tax-filing myths by Tom McFeat (Source:CBC News)

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This is an interesting quick read on some myths that you have probably heard from friends/colleagues in regard to taxes and Canada Revenue Agency:

http://www.cbc.ca/news/business/taxseason/story/2012/03/11/f-taxseason-filing-myths.html

We at Kul, CA would be pleased to assist you mull through some of these myths, so let us know how we can help!

Erik Kulakowsky, CA (kultax.com)

Owner, Kul, CA

kultax@me.com

Toronto Star (Moneyville) – A guide to the biggest tax refund !!

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This is a good article with lots of links to help you over tax season – check it out:

A guide to the biggest tax refund

The Toronto Star – Moneyville

Please contact us (kultax@me.com) if you would like help with your taxes this year!  We are equipped to help you get the refund you are entitled to.

Erik Kulakowsky, CA                                                                                                           Kul, CA

Tax evasion vs. tax overpayment – which one is worse?

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Check out this very interest article on tax evasion and tax overpayment; most of already knew this, but the Canadian tax system is structured in a way to benefit the people that can afford tax advice.

Tax cheats a problem, but so are those who overpay

Many times, when people prepare their own tax returns they are susceptible to missing tax credits and deductions that they are entitled to and therefore overpay on their taxes.  That’s where we come in – we are the affordable alternative to missing out of the tax dollars that you deserve.

Drop us an email at kultax@me.com and visit our website (www.kultax.com) to find out how we can help.

Talk soon

Erik Kulakowsky, CA

 

 

 

Tax preparation – it’s what we do!

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Do you prepare your own tax returns?  Good on ya, but unless you’re a tax professional, you might be missing some tax credits/deductions that could put some money back in your pocket.

If you have had any changes to your personal tax situation in the current year, it might be time to get a qualified tax professional working for you.  We can help you to maximize your credits and deductions, so give us a call or email us to set up an appointment!

Looking forward to hearing from you,

Erik Kulakowsky, CA

613-565-9909

kultax@me.com

 

Changes to your 2011 income taxes

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Here are some changes to your taxes for 2011:

- Self-employed individuals are now able to contribute to the Employment Insurance Fund, a program that provides benefits for maternity or paternity leaves, illness or care-giving.

- Changes introduced to the Registered Disability Savings Plan (RDSP) allow persons living with disabilities to carry over government grants and bonds dating to 2008 that were not used in the past

- Students awarded scholarships in 2010 for post-secondary degrees could be entitled for scholarship exemption and the cost of education for college diplomas and bachelor, masters or doctoral degrees.

- Single parents who share equal custody with children under six can now receive their half of the Canada Child Tax Benefit and the Universal Child Care Benefit.

Please contact us if you have questions – kultax@me.com or www.kultax.com

Canadian Income Tax Calculator – courtesy of Ernst & Young LLP

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Yo!

Check out this tax estimator provided by Ernst & Young LLP – just plug in your income and get an estimate of your taxes owing

Ernst & Young LLP – Tax estimator

Contact is if you would like assistance with your 2011 tax returns!   www.kultax.com

 

 

2011 Tax season – filing deadlines

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The 2011 filing deadlines are the following:

1) General personal income tax returns – April 30, 2012

2) Self-employed individuals income tax returns (non-incorporated) – June 15th, 2012

3) RRSP contribution deadline – February 29, 2012

4) Balances owing due date – April 30th, 2012 (even if self-employed)

We can make sure you get your taxes filed on time!  Contact us at  kutax@me.com and get us working for you!

Canadian income tax link – Taxtips.ca

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http://taxtips.ca/  is a great website for all your general personal and corporate income tax questions.

Please note:  the Kul, CA Taxation and accounting firm is not affiliated in any way with www.taxtips.ca.

Please do not hesitate to contact us at kultax@me.com if you have any Canadian personal or corporate tax questions. Thanks for reading!

 

Martha Stewart, Wesley Snipes and Robert Downey Jr. – what do they all have in common?

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Check it out!  don’t be like these guys – if you’re behind, no worries, we can get you caught up in no time!

http://www.ivillage.com/celebrities-busted-tax-evasion/7-b-333837#333819

Send an email to Kultax@me.com – talk soon!

Canadian income tax link – Taxtips.ca

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http://taxtips.ca/  is a great website for all your general personal and corporate income tax questions – contact us at kultax@me.com if you have any questions.

http://taxtips.ca/  - check it out!