Category: Financial Stories

Tax Credit

It is important to know which tax credit you are eligible for if you are doing your own taxes or having someone else doing your taxes for you. Nobody cares more about the money that is owed to you than you do, even if they are professional. Research these tax credits and find out if you are eligible:

1. Basic Personal Tax Credit

2. Spousal Credit: if your spouse earns less than 10,000

3. Wholly dependent person credit: Single parents

4. Charitable donations credit: you need an official receipt

5. Education Tax Credits: Tuition & Federal: carried forward claims are possible

6. Medical Expenses Credit: Receipts needed, this includes cost of travel insurance

7. Pension income credit

8.  Age 65 or older (Age credit)

9. Disability credit

10. Caregiver’s credit (In home care for elderly relatives)

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.

Manage Your Food Costs

Eating healthy and eating at home has a variety of benefits not only for the budget but also for your health. First, many people eat out not only because it is fast and convenient but because they do not know how to cook.  Do yourself a favour and research fresh spices and herbs and what they go well with in your cooking. As you have probably noticed, there has been an increase of natural and organic products in grocery stores.

It can be argued that organic foods are sometimes more expensive than other brands. However, it is important to consider that the organic foods do not contain antibiotics, hormones, insecticides or other chemicals and therefore if you shop in season for fresh food it is always more beneficial to buy organic.

According to various studies, there are a multitude of health benefits when buying organic produce such as apples and strawberries, meat, poultry, eggs, dairy and baby food because of the condensed fruits and vegetables. Please stop buying bottled water—if you do not like the taste of tap water or you fear the water filtration system where you live, install a water filtration system in your home and bottle your own water.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.