tax | 4 Corner Financial

Don’t lose all your hard-earned money to taxes

by 4 Corner Financial | May 1, 2023 | Blog, tax

Don’t lose all your hard-earned money to taxesTax planning is an essential part of managing your money – both while living and after your death. You want to maximize the amount of money to your beneficiaries, not the government. We have three tips to help you reduce...

Tax Tips You Need To Know Before Filing Your 2022 Taxes

by 4 Corner Financial | Apr 3, 2023 | 2023, Blog, disability, tax

Tax Tips You Need To Know Before Filing Your 2022 TaxesThis year’s tax deadline is May 1, 2023, as April 30 falls on a Sunday this year. It’s important to make sure you’re claiming all the credits and deductions you’re eligible for. In this article, we’ll provide you...

Saskatchewan 2023 Budget Highlights

by 4 Corner Financial | Mar 23, 2023 | Blog, Business Owners, corporate, individuals, tax

Saskatchewan 2023 Budget HighlightsOn March 22, 2023, the Saskatchewan Minister of Finance announced Saskatchewan’s 2023 budget. This article covers the most important things you need to know.No Changes To Corporate or Personal Tax RatesThere are no changes to...

2022 Year End Tax Tips and Strategies for Business Owners

by 4 Corner Financial | Dec 6, 2022 | 2022, 2022 Only, Blog, Business Owners, Financial Planning, tax

Now that we’re approaching the end of the year, it’s time to review your business finances. We’ve highlighted the most critical tax-planning tips you need to know as a business owner.Salary/Dividend MixAs a business owner, an essential part of tax...

Five Ways To Withdraw Money From Your Business In A Tax-Efficient Manner

by 4 Corner Financial | Sep 1, 2022 | Blog, Business Owners, corporate, tax

Five Ways To Withdraw Money From Your Business In A Tax-Efficient MannerYou have worked long and hard to build up your business, and now you are ready to withdraw money from your business’ bank account. But you don’t want to get hit with a huge tax bill....

2021 Income Tax Year Tips

by 4 Corner Financial | Apr 1, 2022 | Blog, tax

Tax Tips You Need To Know Before Filing Your 2021 TaxesThis year’s tax deadline is April 30, 2022. We’ve got a list of tips to help you save on your taxes!Claiming home office expensesYou can claim up to $500 under the “flat rate” method if you worked at home due to...

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First Home Savings Account (FHSA): What You Need to Know June 1, 2023
Are you looking to buy your first home in Canada? The First Home Savings Account (FHSA) could help make it happen. This savings plan allows first-time home buyers to save up to $40,000 tax-free, with contributions being tax-deductible. In this article and infographic, we cover everything you need to know about FHSA, including eligibility requirements, […]
4 Corner Financial
Don’t lose all your hard-earned money to taxes May 1, 2023
It’s essential to manage your tax planning properly – both while you are living and for after your death. You want as much of your money as possible to go to your beneficiaries, not the government. Our article contains three tips to help you do that: 1. Learn how to make the most of the […]
4 Corner Financial
Tax Tips You Need To Know Before Filing Your 2022 Taxes April 3, 2023
It’ll be time to file your 2022 taxes soon, and you must take advantage of every tax credit and deduction you can! Our article covers the following: • Canada Workers Benefit. • Claiming home office expenses. • The tax deduction for zero-emissions vehicles. • Return Of Fuel Charge Proceeds To Farmers Tax Credit. • Eligible […]
4 Corner Financial
Why Life Insurance Should Be Part Of Your Estate Planning April 1, 2023
By working hard and carefully managing your money, you've set yourself up to be able to relax and enjoy yourself during your retirement years. You also need to think beyond your retirement years about what you want to do with your assets during estate planning. In addition, you need to consider your estate planning's tax […]
4 Corner Financial
Federal Budget 2023 Highlights March 29, 2023
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures: • New transfer options associated with Bill C-208 for intergenerational transfer. • New rules for employee ownership trusts. • Changes to how the Alternative Minimum Tax is calculated. • Improvements to Registered Education Savings Plans. • Expanding […]
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