February 2019 - Expert Fiscaliste

2019 Expert Fiscaliste Tax Calendar

Save Your Tax — Call Expert Fiscaliste at 514-954-9031

While most Canadians are aware of the April 30 personal income tax filing deadline. There are other important tax deadlines that must be observed over the course of the year. This is especially if you want to take advantage of certain tax deductions and credits. This calendar summarizes several important dates on the tax calendar and offers some tips to help you with your overall tax planning. Where a deadline falls on a weekend or a holiday recognized by the Canada Revenue Agency (“CRA”), the deadline is generally extended to the next business day

2019 Tax Calendar

For more information on our tax calendar, visit our page http://www.expert-fiscaliste.org/individual-tax/individual-tax-calendar/
If you prefer down load our PDF version here: 2018 Expert Fiscaliste Tax Calendar

About Expert Fiscaliste Calendar

Expert Fiscaliste’s Tax Calendar is neither a comprehensive review of the subject matter covered nor a substitute for specific professional tax advice. The tax dates discussed in this publication may or may not be appropriate for you. We encourage you to consult with an independent tax professional to confirm the relevant deadlines and the anticipated implications to your particular situation (with respect to the current tax legislation).

About Expert Fiscaliste

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts. If you want to take advantage certain deadlines in your 2018 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

Why does Pension Splitting work

Pension income splitting, works because “progressive” tax system, in which the applicable tax rate goes up as income rises. For 2018, the federal tax rate of 15% is applied to about the first $47,000 of taxable income. The next tax rate is 20.5% applied to the next $46,000 of taxable income. A couple could split their income take advantage of the lower rates. In addition, both members could take advantage of the pension tax credit.

Over the age of 65.

Income tax is a big-ticket item for most retired Canadians. Especially for those over 65 the annual tax bill may be your single biggest expenditure. The Canadian tax system provides a number of tax deductions and credits available to those over the age of 65. Like the age credit or the pension income credit, splitting pension can minimize the tax burden.