{"id":4943,"date":"2019-05-14T14:19:02","date_gmt":"2019-05-14T18:19:02","guid":{"rendered":"http:\/\/caissealliance.absoludev.ca\/?p=4943"},"modified":"2024-11-18T11:05:15","modified_gmt":"2024-11-18T16:05:15","slug":"your-finances-and-taxes","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/budget-and-financial-management\/your-finances-and-taxes\/","title":{"rendered":"Your finances and taxes"},"content":{"rendered":"<p><strong>Caution<\/strong>: This section deals with a serious and, it\u2019s no secret, not very pleasant subject. We wanted to provide you with information to complement what you\u2019ll find on the Web sites of the\u00a0<a href=\"https:\/\/www.ontario.ca\/page\/ministry-finance\">Ontario Ministry of Finance<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.cra-arc.gc.ca\/tx\/ndvdls\/tpcs\/ncm-tx\/menu-eng.html\">Canada Revenue Agency<\/a> regarding the preparation of your income tax returns<\/p>\n<div id=\"mastercardhead\">\n<p><strong>The harsh reality<\/strong>: No one can escape having to declare their income and pay their taxes. But by following certain basic rules, you can reduce the amount of income tax you pay.<\/p>\n<\/div>\n<h2>The basics<\/h2>\n<ul>\n<li data-gc-list-depth=\"1\" data-gc-list-style=\"bullet\"><a href=\"https:\/\/www.caissealliance.com\/fr\/particulier\/budget-et-finances-personnelles\/comment-et-quand-payer-vos-impots\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-gc-link=\"https:\/\/absolu2.gathercontent.com\/item\/8444603\">When and how to pay your taxes<\/a>: There\u2019s more than one way to pay your taxes.<\/li>\n<li data-gc-list-depth=\"1\" data-gc-list-style=\"bullet\"><a href=\"https:\/\/www.caissealliance.com\/fr\/particulier\/budget-et-finances-personnelles\/produire-sa-declaration-de-revenus\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-gc-link=\"https:\/\/absolu2.gathercontent.com\/item\/8444626\">Filing your income tax returns<\/a>: Electronic solutions to produce and file your income tax returns.<\/li>\n<\/ul>\n<h2>Investments and taxes<\/h2>\n<ul>\n<li data-gc-list-depth=\"1\" data-gc-list-style=\"bullet\"><a href=\"https:\/\/www.caissealliance.com\/fr\/particulier\/placements\/les-revenus-de-placements-et-limpot\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-gc-link=\"https:\/\/absolu2.gathercontent.com\/item\/8444624\">Investment income and income tax<\/a>: How investment income is taxed.<\/li>\n<li data-gc-list-depth=\"1\" data-gc-list-style=\"bullet\"><a href=\"https:\/\/www.caissealliance.com\/fr\/particulier\/retraite-et-succession\/deux-strategies-pour-minimiser-lappetit-du-fisc\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-gc-link=\"https:\/\/absolu2.gathercontent.com\/item\/8419285\">RRIFs, LIFs and taxation<\/a>: Strategies to reduce tax withholdings on income earned in Registered Retirement Income Funds (RRIFs) and Life Income Funds (LIFs).<\/li>\n<li data-gc-list-depth=\"1\" data-gc-list-style=\"bullet\"><a href=\"https:\/\/www.caissealliance.com\/en\/personal\/investment\/when-to-report-interest-on-market-linked-guaranteed-investments\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-gc-link=\"https:\/\/absolu2.gathercontent.com\/item\/8444639\">When to report interest on market-linked guaranteed investments<\/a>: The time to declare interest can differ depending on product features.<\/li>\n<li data-gc-list-depth=\"1\" data-gc-list-style=\"bullet\"><a href=\"https:\/\/www.caissealliance.com\/fr\/particulier\/retraite-et-succession\/comment-diversifier-vos-placements-dans-un-ferr\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-gc-link=\"https:\/\/absolu2.gathercontent.com\/item\/8444641\">Diversifying your RRIF investments<\/a>: There are several options available to you when converting your funds to an RRIF.<\/li>\n<\/ul>\n<h2>Taxes at retirement<\/h2>\n<ul>\n<li data-gc-list-depth=\"1\" data-gc-list-style=\"bullet\"><a href=\"https:\/\/www.caissealliance.com\/fr\/faq\/tout-sur-limpot-a-la-retraite\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-gc-link=\"https:\/\/absolu2.gathercontent.com\/item\/8419256\">All about taxes at retirement<\/a>: Information and answers to common questions about taxes at retirement.<\/li>\n<\/ul>\n<h3>Did you know?<\/h3>\n<p>If your (legal or common-law) spouse\u2019s income will be lower than yours at retirement, it might be to your advantage to contribute to an RRSP of which your spouse is the beneficiary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caution: This section deals with a serious and, it\u2019s no secret, not very pleasant subject. We wanted to provide you with information to complement what you\u2019ll find on the Web sites of the\u00a0Ontario Ministry of Finance\u00a0and\u00a0Canada Revenue Agency regarding the preparation of your income tax returns The harsh reality: No one can escape having to [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[107],"tags":[],"class_list":["post-4943","post","type-post","status-publish","format-standard","hentry","category-budget-and-financial-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Your finances and taxes | Caisse Alliance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caissealliance.com\/en\/personal\/budget-and-financial-management\/your-finances-and-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your finances and taxes | Caisse Alliance\" \/>\n<meta property=\"og:description\" content=\"Caution: This section deals with a serious and, it\u2019s no secret, not very pleasant subject. 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