Tax On Time Taxation Services
Gospel Oak Drive Ottawa, ON, Canada

TaxOnTime Tips: Canada Pension Plan (CPP) Contribution Rates for 2020, 2021, and comparison with the past.

TaxOnTime.net Tips: Information regarding Canada Emergency Rent Subsidy (CERS) https://www.taxtips.ca//cecra-canada-emergency-commercial-

Due to ongoing COVID-19 pandemic concern we also provide virtual services to help you to do your taxes or HST filing.

We are open and available. We are getting lots Inquiries due to various COVID-19 related benefits.

http://TaxOnTime.net Tips: The deadline for RRSP contributions for the 2019 tax year is Monday, March 2, 2020.

http://TaxOnTime.net Tips: Have you Sold Your Principal Residence? This sale MUST be reported on the tax return, even if it is 100% eligible for the principal residence. When there is more than one owner, each will report their share of the sale. https://www.taxtips.ca/filing/principalresidence.htm

TaxOnTime.net Tips: Are Your Tax Credits Changing for 2020? https://www.taxtips.ca/personaltax/employees/td1forms.htm

www.TaxOnTime.net : Historical Investment Returns on Stocks, Bonds, T-Bills https://www.taxtips.ca/stocksandbonds/investmentreturns.htm

www.TaxOnTime.net Tips: Information regarding Federal Home Accessibility Tax Credit (HATC) : Qualifying+Eligible Individual, Qualifying Expenditure, Eligible Dwelling https://www.taxtips.ca/f/home-accessibility-tax-credit.htm

www.TaxOnTime.net Tips: RRSP Contributions Not Reported on Previous Year Tax Return. What Now? https://www.taxtips.ca/filing/rrspnotclaimed.htm

TaxOnTime.net Tips: The average US-CAN $ exchange rate for 2019 is 1.3269, which can be used for dividends, but not for purchases and sales.

TaxOnTime.net Tips: Ontario 2020 and 2019 Personal Marginal Income Tax Rates Tables https://www.taxtips.ca/taxrates/on.htm

www.TaxOnTime.net Tips: Tax Comparison of Dividends vs Interest https://www.taxtips.ca/dtc/taxcomparison.htm The tax comparison tables show the total income taxes payable or refundable at various levels of investment income for each province and territory. Three different types of investment income are compared

www.TaxOnTime.net Tips: Guaranteed Income Supplement (GIS) for Canadian Seniors, and the Allowance https://www.taxtips.ca/seniors/gis.htm The Federal Guaranteed Income Supplement (GIS) is available to low-income seniors living in Canada, who are receiving (or are eligible to receive) the Old Age Security Pension (OAS). An application must be filed to receive this supplement - it is not done automatically when you file a tax return

TaxOnTime.net Tips: RRSP vs Mortgage Calculatorhttps://www.taxtips.ca/calculators/rrsp-vs-mtg/rrsp-vs-mortgage-calculator.htm Pay Down Debt or Contribute to RRSPs? Tip: Unless your RRSP returns are going to be consistently higher than the rate on your mortgage or other loans, it is better to pay down your debt.

www.TaxOnTime Tips: Provincial/Territorial Political Contribution Tax Credit Rates and Maximums https://www.taxtips.ca//provincial-political-contribution-

www.TaxOnTime.net Tips: Consider these four tax maneuvers before moving to the United States https://www.theglobeandmail.com//article-consider-these-/ ** PLAN FOR THE DEPARTURE TAX **MINIMIZE TAX ON YOUR RRSP ** DEAL WITH YOUR TFSA PROPERLY ** NAME A NEW SUBSCRIBER FOR AN RESP **

Disability Amount Tax Credit Line 316 information:https://www.taxtips.ca/filing/disabilitytaxcredit.htm Contact TaxOnTime.net tips to get more information or help with the application.

www.TaxOnTime.net Tips: What Tax is Deducted From RRIF or RRSP Withdrawals? https://www.taxtips.ca/rrsp/withholdingtax.htm

TaxOnTime.net Tips: RRSP Overcontributions Can Be Costly https://www.taxtips.ca/rrsp/rrspcontributionlimits.htm

www.TaxOnTime.net Tips: Taxpayer Relief Provisions (Fairness provisions) Information: https://www.taxtips.ca/filing/taxpayerrelief.htm

www.TaxOnTime.net Tips: Are Your Investment Gains and Losses Capital or Income? https://www.taxtips.ca//i/taxtreatment/capitalorincome.htm

www.TaxOnTime.net Tips: Annual Average Exchange Rates for Converting US Currency to Canadian Currency https://www.taxtips.ca/fi/foreign-exchange-rate-history.htm

www.TaxOnTime.net Tips: How to Recover Overpayments of CPP Contributions or EI Premiums https://www.taxtips.ca/smallbusine/recovercppeipremiums.htm

www.TaxOnTime.net Tips: Eligible Medical Expenses https://www.taxtips.ca/filing/eligiblemedicalexpenses.htm

www.TaxOnTime.net Tips: Donations Tax Credit Line 349 https://www.taxtips.ca/filing/donationstaxcredit.htm