There are a number of income sources available to Canadians in retirement.
April 2023 - Akler Browning LLP
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Fortunately for the Canadian taxpayer, most individual income tax returns filed result in the payment of a tax refund to the tax filer. Notwithstanding, a significant number of taxpayers find, on completing the annual tax return, that money is owed to the Canada Revenue Agency.
Most Canadians live their lives with only very infrequent contact with the tax authorities and are generally happy to keep it that way.
It is an axiom of tax planning that the best year-end tax planning begins on January 1.
Two quarterly newsletters have been added—one dealing with personal issues, and one dealing with corporate issues.