#taxes

Kawartha Lakes ended 2021 with an over $7 million surplus

Ron Davidson

Jul 1, 2022
2 min

Kawartha Lakes ended 2021 with an over $7 million surplus

DAN CEARNS, The Standard KAWARTHA LAKES: The City of Kawartha Lakes finished 2021 with a net surplus of over $7 million. At a meeting, on Tuesday, June 21st, Treasurer Carolyn Daynes presented councillors with the annual audited financial statement and surplus disposition report. In her presentation, Ms. Daynes explained the COVID-19 pandemic played a role in the size of the surplus. “If I was asked if that was going to repeat itself, I would say no. I think most of the reaso

0 views0 comments

Ron Davidson

Apr 19, 2022
2 min

Five tax prep tips

Tax season isn’t something most people look forward to, particularly if they suspect they owe money. However, a few tax prep tips can make the process of filing a return and, if necessary, paying back taxes as pain-free as possible. 1. Call your tax preparer early. If you use an accountant or another tax preparer, be sure to book the appointment as soon as possible because slots fill up quickly. You don’t want to wait until the last minute and find there are no remaining appo

1 view0 comments

No income? Doing your taxes could put money in your pocket

Ron Davidson

Mar 10, 2022
1 min

No income? Doing your taxes could put money in your pocket

(NC) If you’re between jobs or have gone directly from school to care for kids, you might have decided not to do your taxes. After all, why file if you have no income and nothing to pay, right? But not doing your taxes could mean you’re losing out on some money. Even if you don’t have income to declare or are tax-exempt, it’s important to do your taxes every year. Here’s why: You can claim tax credits, such as GST/HST, tuition or disability tax credits, as well as related pro

2 views0 comments

Ontario Making Life More Affordable This Tax Season with Tax Credits for Workers, Seniors and Famili

Ron Davidson

Feb 10, 2022
4 min

Ontario Making Life More Affordable This Tax Season with Tax Credits for Workers, Seniors and Famili

EMILY HOGEVEEN, Office of the Minister of Finance The Ontario government continues to deliver on its commitment to put more money in the pockets of seniors, workers and families by offering tax credits this tax season. “The people of Ontario work hard, and our government understands that taxpayers are under pressure,” said Peter Bethlenfalvy, Minister of Finance. “As people gear up for another tax season, I want to encourage everyone to explore the credits they could be eligi

0 views0 comments

Brock Township starts deliberations on final budget<br>for this term of Council

Ron Davidson

Feb 10, 2022
2 min

Brock Township starts deliberations on final budget<br>for this term of Council

by The Standard | Podcast February 10th, 2022 https://thestandardnewspaper.ca/wp-content/uploads/2022/02/Brock-Budget-Feb-10th-2022.mp3 DAN CEARNS, Local Journalism Initiative Reporter, for The Standard BROCK: The Township of Brock started deliberations of their 2022 municipal operating and capital budgets, on Monday, February 7th. At that budget meeting, councillors saw a budget which included a proposed 3.91 percent tax increase. If that were to be approved, it would mean a

0 views0 comments

Ron Davidson

Jan 13, 2022
2 min

How to prepare for tax season

April is synonymous with many things. Many people get their first glimpse of spring blooms in April, while families of faith look forward to gathering for Passover and Easter. Sports fans may welcome the return of professional baseball in April, while scholastic athletes may associate April with the return of spring sports. Though each of those things tends to be welcomed with open arms, one day in April may not be greeted so warmly. April 30th marks the official deadline for

0 views0 comments

Ron Davidson

Jan 13, 2022
1 min

Tax-advantaged investing

Investing has always been a means for people to grow their wealth and make their money work for them. Investors know that protecting investment earnings is important and can be achieved through tax-advantaged investments. Tax-advantaged investing, also called tax-efficient investing, allows investors to maximize the profits they can keep after taxes are filed. Investment selection and asset allocation are important factors affecting returns, but minimizing taxes and other cos

0 views0 comments

Ron Davidson

Dec 16, 2021
1 min

Kawartha Lakes approves 4.5 percent budget increase for 2022

DAN CEARNS, The Standard KAWARTHA LAKES: The City of Kawartha Lakes has approved a tax levy increase of 4.5 percent for 2022. At a meeting, on Tuesday, December 7th, councillors deliberated the 2022 water and wastewater, operating, and special projects municipal budgets. The increase includes 3 percent operating expenses and a 1.5 percent capital roads levy. Ward 3 Councillor Doug Elmslie felt Council fulfilled their overall goal with this budget. “I think we’ve done what we

0 views0 comments

Ron Davidson

Mar 18, 2021
2 min

You and Your Taxes

I don’t often use this column for political conversation, but recently I have been dumbfounded by the amount of misinformation I’ve been receiving, regarding my property taxes. Social media, letters to the editor and general conversation with people who don’t seem to have a handle on accuracy, has left me totally in the dark. Fortunately, last week, I had an opportunity to host a show where the Mayor and CAO were guests. I decided to ask what the actual tax numbers were. The

0 views0 comments

Ron Davidson

Mar 4, 2021
1 min

Scugog Council Passes 4.98% tax increase

Dear Editor Once again Scugog Council has disregarded the affects of the pandemic on both residents and small businesses and approved a 5.9% property tax increase, the highest property tax increase within Durham Region, yet we are one of the smallest. Ken Nix, CAO, defends it and states, “most municipalities are budgeting as if 2021 will be a regular year.” If so, then why are all the others holding their increases to a minimum? 2021 will not be a regular year, already events

0 views0 comments

Ron Davidson

Jul 28, 2019
1 min

Canada Child Benefit coming this week

Over 20,000 children and 12,000 families in Haliburton-Kawartha Lakes-Brock are potentially eligible to benefit from the Child Tax Benefit program introduced by the Liberal Government. To date, across Canada, this program has lifted over 300,000 children out of poverty, and, combined with other tax breaks, over 800,000 families have more disposable income and can now live above the poverty level. With increases to the Canada Child Benefit coming this week, families whose adju

0 views0 comments

Subscribe to Our Newsletter

Archives