Archive | Financial Literacy

Compound Interest

Last week I talked about taking a paper document and scanning the document. CRA is ok with this as long as the document is legible.  CRA does not give you options if the document was created electronically. A document that was originally produced as an electronic form must be kept in electronic readable format, even […]

Continue Reading 0

Electronic Documents

Last week I talked about taking a paper document and scanning the document. CRA is ok with this as long as the document is legible.  CRA does not give you options if the document was created electronically. A document that was originally produced as an electronic form must be kept in electronic readable format, even […]

Continue Reading 0

Reasonable Return Test for TOSI

The new Tax on split income (TOSI) rules in the 2018 federal budget requires that dividends, salaries and partnership income be allocated based on what is reasonable, in the absence of any other exclusions (There are many other considerations, see the previous posts we have made on this issue). There are three possibilities about establishing […]

Continue Reading 0

Painless Financial Training Group Inc. with Debi Peverill

Understand Financial Stuff, Painlessly