Tag: taxes

Connect More Vulnerable Canadians to Benefits!

On February 27th, Minister of Finance, Hon. Bill Morneau presented the 2018 Federal Budget. The budget is working towards connecting more vulnerable Canadians to Benefits by improving access and expanding programs. Some items that were highlighted are: o   Working Income Tax Benefit: increase benefit amount and accessibility o   Canada Child Benefit: increase benefit amount and accessibility o   Canada Learning Bond: Federal and Ontario government are… Read more

Calgarians risk losing out on thousands in benefits by not filing their taxes

For families living on low incomes, tax filing offers access to tax credits, grants, bonds and subsidies that can ease their financial strains—for example, a family of four with an income of $31,000 could be eligible for up to $16,000 in benefits. Many people living on low incomes mistakenly believe that because they don’t owe taxes back, they don’t need to file. Others face barriers… Read more

Benefits are Waiting….

Many folks often hear that if you have a low- or no- earned income, you don’t need to file an income tax return—BUT this is one of the most important benefit applications you can complete! When you file your annual income tax form you let the government know if you qualify for benefits that come from both Canada and Alberta. If you want to check… Read more

3 Tax Filing Myths Busted!

Myth #1 – Filing your income taxes is difficult and expensive. There are ways you can get your taxes done for free. Many non-profit organization across Calgary offer free tax clinics to people living on low incomes.  Typically, to qualify for services at a free tax clinic, your annual income can’t exceed: $30,000 for single individuals. $40,000 for couples. $35,000 for adults with one child… Read more

Meetup – The Fun World of Small Business Taxes

It’s that dreaded time of the year…tax season. Join Ritchard Dong, owner of Alexander Khan & Co. Tax Services since 1999. Ritchard specializes in corporate and small business tax planning and strategies. If there’s anything you’ve been wondering about small business and taxes, you will definitely want to check out this workshop! He’s been a long time supporter of Momentum and always delivers an engaging… Read more