QUADRIGA CANADIAN EXCHANGE

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Sunday, July 17, 2016

What Would Happen If The World's Debt Disappeared? | Stuff They Don't Want You To Know

What Would Happen If The World's Debt Disappeared? | Stuff They Don't Want You To Know 
Now this concept I find rather interesting.  Never thought for a second what would really happen if no one owed anyone money.  That'll essentially send us back into pre market era where the barter system was the way of life. I.E My Goat for your bag of sheep wool

Kevin Miller

Friday, June 24, 2016

Momentum Tax Class 2015

Momentum Tax Class 2015

In this one, our guest speaker discusses the process of:
-Credits: Charity, Education, Medical Health, Travel for Medical Health, Child Care. ETC... 
-Reductions
-Deductions
-Education 
-Claiming your children and spouse
-Always Claim your taxes Each January even if you have been at the same company for more than a year to keep up with yearly tax credits.

Audio Recording of 2015 Tax Class

Here is the Post - Education Credit Process:

- One is credit used for Text Books against Province Taxes
- Second is text book credit used against Canadian Taxes

Note: Our Speaker points out that you can use credit back for not working while in Post - Secondary and get credit back. How this works, I have yet to use this tactic to get taxes back even if I have not worked in the reporting year. 

Federal Tuition, Education and Textbook Amounts

YearAmount from prior yearCurrent year amountCurrent year amount appliedTransferred amountAmount from prior year appliedAmount available for carry forward
2002$2,355.00$2,355.00
2001$1,139.00$1,139.00

Provincial Tuition, cation and Textbook Amounts

YearAmount from prior yearCurrent year amountCurrent year amount appliedTransferred amountAmount from prior year appliedAmount available for carry forward
2002$3,417.00$3,417.00
2001$1,139.00$1,139.00