You have until March 1, 2007 to contribute to an RRSP for the 2006 tax year. Do not miss this opportunity to reduce your tax payable and save for retirement.

You can get this form here --> .

If you are looking for 2008 TD1, CLICK HERE

This is the form you fill in and give to your payroll department where you work. They use it to calculate the source tax deductions on your paycheque. There are several good reasons to update the form at least annually, or if your situation changes.

If you are married or living common law you can not take a deduction for eligible dependant! Yes even though your child is a dependant this does not allow you to claim this deduction.

As of June 19th this year, in Vancouver, we have reached Tax Freedom Day, according to the Fraser Institute. This day marks the point at which we start earning for ourselves, after working since the start of the year until now to pay taxes to the government.