Is it better financially in the end to completely drain your savings to pay off income tax owing to the government, or should you use your line of credit instead? Which would be better financially in the long run? Thanks!

I am a Post-Doc fellow with a temporary working visa at UBC. My temporary working visa started last year at September 1, 2007 and is valid until the end of July, 2008. I'm not a Canadian Citizen. Would you tell me what my residential status (resident or...

Me and my girlfriend just started university. We are at separate schools but have tossed around the idea of getting married on paper to increase our tax and insurance breaks. My question is would this arrangement typically increase our entitlement? Shes...

I just recently moved into a new development at the beginning of June. It is smaller than I expected and I would like to sell it and move somewhere else. The condo was assessed at $100,000 more than what I paid for it. How long do I have to live in the...

Example: Tax year ends December 2007...Child born February 2007. A friend of mind told me it is possible. What do you think? No wise remarks please. Truthful, intelligent, mature responses. I meant born Feb 2008.

I live in ontario and made $15,000 last year. Income tax deducted=$1200 Employee CPP contributions = $570 Employee EI premuims = $280 no kids, not married and not paying rent.

I didn't realise I could claim the premiums I pay out of every paycheque for my employer provided health care as medical expenses when I filed my 2008 tax return. Can I claim them as well as my 2009 premiums in my 2009 tax return? When I say premiums, I...