Shaelene’s Tax Tip of the Week – May 18th

Books In Line

Did you know?

If you plan on selling an asset at a profit, consider spreading that sale out over several years. You can spread a capital gains tax up to 5 years, as long as your payment plan persists for 5 years.

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Shaelene’s Tax Tip of the Week – May 11th

Books In Line

Did you know?

Did you know you can use childcare expenses to lower your taxable income? Examples of childcare expenses include daycares, summer camps, overnight boarding schools and in-home providers like nannies. The government allows you to claim up to $8,000 for kids under age 7 and up to $5,000 for children aged 7 to 16.

Have questions? Give us a call at 905-571-2665 (BOOK)!

Tax tip found here.

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