Find Tax Deductions in Your Finance Docs

Loan-related expenses aren’t like most business expenses. Interest and other fees may be amortized over the life of the loan and wrapped into monthly payments. Up-front administrative or documentation fees may be buried in the fine print. The paperwork can be onerous and complicated. It’s easy to miss potential deductions. Here’s what you need to know.

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Early CPP and Your Tax Bill

In the tax-filing business, customers only rarely come away happy. We can do great work planning and organizing but at the end of the day you still have to pay your taxes. No one brushes their fingers across a freshly prepared tax return like it’s leather upholstery. All people ever want to know is why they owe so much more tax than last year.

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You Get What You Pay For

Think about whether you’re getting good value out of the people who do your accounting, bookkeeping, tax prep, or financial planning. You pay good money for these services. Is it worth it?

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The Trappings of Tapping into Your RRSP

Should you take money out of your RRSP (Registered Retirement Savings Plan) to pay down debt or other expenses? Good question, especially if your retirement investments may be earning very little or even declining in value while the banks get rich on interest on loans and credit card debt. Here’s what to think about before you answer.

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Allocating Shares in Your Company

One of the most misunderstood questions about incorporating is who owns the trucking business. Is it you? Should it be? How to allocate shares with care.

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3 Decisions You Need to Make When You Shop for a Heavy Truck

Shopping for a truck involves three separate decisions. There’s the vehicle itself, the money to pay for it, and the taxes. Like legs on a stool, all three need to bear weight if that truck is going to help you make a good living.

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Two Easily Overlooked Items on Your Financial Plan

After tax season, I get calls from our self-employed clients wanting to review their past year in terms of both the business operation and their personal income tax. Some people just have to see the final result on the dreaded tax return before all the talk about planning and preparation finally hits home. These financial reviews can cover a wide range of topics—no individual is exactly the same. But two topics come up year after year.

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