16 Jan 2011, 11:52pm
Income Tax
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Tuition Tax Credit for Students and Parents

We need a well educated work force for Canada to stay an advanced and developed country. Federal Government understands it and that is why they offer extensive tax incentives to go to school and continue higher education.

Even with recession and unemployment, education cost is rising. StatCan estimated that 90% of students faced an increase in cost of going to school.

Students and parents carry the bulk of increased education cost. But these amazing Tuition Tax Credits can reduce this burden somehow.

Anyone registered to go to school and pays tuition, the university or college issues a form T2202A to the student that states the tuition credit they can claim.
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4 Jan 2011, 4:06pm
Income Tax:
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What is Old Age Security Benefits and How to Apply?

The Old Age Security (OAS) program provides income security to Canadian seniors who are 65 years or older.

Many Canadians from the Baby Boomer age will be reaching the retirement age starting 2011 and if you are or you know someone who is retiring, let them know about these government benefits available to them.

Old Age Security benefits include:
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2 Jan 2011, 9:10pm
BC Province HST Income Tax:
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taxsuppport.ca in B.C. Film Maker Directory

Vancouver in the movie making community is also known as Hollywood North.

The B.C. HST is a direct financial incentive for the Hollywood movie making industry to come to B.C. for on location filming. Many TV series and Feature film are being shoot in B.C.

B.C. film industry is supported by a host of companies, providing every kind of support services from snow making to pyro technique works.

A comprehensive listing of these specialized support service companies are indexed and published twice a year by Surrey based print publication company Western Filmmaker.

At Five Star Financial Services, we are pleased to announce our inclusion in the Western Filmmaker Fall 2010 directory as an Accounting and Tax service provider of B.C. film industry.

We are IRS authorized U.S.A. income tax service provider and U.S. Quickbooks Advisor. We are among a group of select companies in B.C. that can provide comprehensive and full cycle accounting and tax service for both the U.S.A and Canada.