February 25, 2020 FORTAX

RRSP PROs AND CONs

RRSP PROs AND CONs RRSP contribution limits for Canadians continue to increase every year. Your allowable contribution is 18% of...

February 24, 2020 FORTAX

WHEN TFSAs ARE BETTER

WHEN TFSAs ARE BETTER Here are a few circumstances when it makes sense to avoid RRSPs. You expect to be...

February 21, 2020 FORTAX

TAX-FREE SAVINGS ACCOUNTS

TAX-FREE SAVINGS ACCOUNTS An alternative to RRSPs that is rising in popularity is the Tax-Free Savings Account (TFSA). TFSAs were...

February 20, 2020 FORTAX

IS AN RRSP RIGHT FOR YOU?

IS AN RRSP RIGHT FOR YOU? A big reason for opening an RRSP is to take advantage of the tax...

February 19, 2020 FORTAX

THE PRICE OF ADVICE: THE TRUE VALUE OF YOUR SERVICES

THE PRICE OF ADVICE: THE TRUE VALUE OF YOUR SERVICES Are you worth $3,750 per hour? Here’s a hypothetical scenario:...

February 13, 2020 FORTAX

KNOW YOUR RRSP CONTRIBUTION LIMIT

KNOW YOUR RRSP CONTRIBUTION LIMIT After processing your tax return, Revenue Canada sends a Notice of Assessment, which includes your...

February 12, 2020 FORTAX

RRSP LIMIT HAS INCREASED

RRSP LIMIT HAS INCREASED The RRSP dollar limit, another indexed figure, has also been updated for 2020, and will be...

February 11, 2020 FORTAX

RETIREMENT PLANNING MILLENNIALS ARE STARING SOONER

RETIREMENT PLANNING MILLENNIALS ARE STARTING SOONER Millennials are at the perfect age to take a few simple steps that will...

February 10, 2020 FORTAX

RRSP LOANS ARE AN OPTION

RRSP LOANS ARE AN OPTION OPTION 1 - An RSP Loan Click here to learn more [gap] OPTION 2 -...