Smith, Sykes, Leeper & Tunstall LLP (SSL) is Barrie and Newmarket's preferred choice for accounting, taxation and business advisory services. Serving York Region and Simcoe County, the chartered professional accountants at SSL enable their client-partners to make wise financial decisions using the most advanced information technology. Visit our website for tax and business tips and download our personal tax checklist as well as other forms to help you complete your tax return.
Smith, Sykes, Leeper & Tunstall LLP (SSL) is Barrie and Newmarket's preferred choice for accounting, taxation and business advisory services. Serving York Region and Simcoe County, the chartered professional accountants at SSL enable their client-partners to make wise financial decisions using the most advanced information technology. Visit our website for tax and business tips and download our personal tax checklist as well as other forms to help you complete your tax return.
ReplyDoing some work over the Holiday season can reap rewards for 2012While most of us prefer to eat, drink and be Merry this time of year, it may be helpful to do a little tax planning to ensure 2012 emerges positively from a personal tax perspective. Here are a few ideas that can help:Make Charitable donationsTo be claimed on your 2011 tax return, all charitable donations must be made by December 31. The first $200 in donations receives a 21% combined federal and Ontario tax credit. Donations over $200 receive a 40% credit. If you have a spouse, donations can be pooled to maximize this credit.Make Political contributionsPolitical contributions also have to be made by December 31 to be claimed on your 2011 tax return.
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