4 Financial Options for Starting a New Business

If you are considering starting a new business, there are a number of factors to figure in to the equation.  Besides choosing a location, applying for proper permits, and obtaining required licensing, prospective new business owners need to analyze both short-term and long-term goals to determine what financial options will be best for the business.  Read More

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By |August 15th, 2018|Small Business Tips|

Non-Refundable Tax Credits for Students

 

The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts (prior to 2017), the public transit amount (prior to July 1, 2017), and the Canada employment amount.

Interest on Student Loans

To be eligible for the credit, interest must, in fact, have been paid. The Read More

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By |August 9th, 2018|Tax Tips|

Common Deductions and Tax Credits for Students

The most common deductions that apply to students are moving expenses and child care expenses.
Moving Expenses
You can deduct moving expenses if you move to attend courses as a full-time student or if you moved to start a new job, including summer employment, or to start a business. Your new home must be at least 40 Read More

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By |August 6th, 2018|SmallBiz Builder, Tax Tips|