IDEAS TO KEEP YOUR RETIREMENT PLANS ON TRACK TO ENJOY THE BENEFITS FOR DECADES TO COME Start early: When is early enough? Well, today would be a good time....
Listen to this Podcast [gap] [divider width=”100%” height=”1.5px”] 10 common tax mistakes to avoid Every year, thousands of Canadians make errors when they prepare their income tax returns. These...
RRSP CONTRIBUTION = TAX REFUND Contributing to an RRSP will likely result in a tax refund. But that refund shouldn’t be used for a trip or a shopping spree....
TIMING IS EVERYTHING The sooner you start saving for retirement, the faster your account will grow. Conversely, the longer you wait to get started, the harder it will be...
RRSP PROs AND CONs RRSP contribution limits for Canadians continue to increase every year. Your allowable contribution is 18% of your income from the previous year to a maximum...
WHEN TFSAs ARE BETTER Here are a few circumstances when it makes sense to avoid RRSPs. You expect to be in a higher tax bracket in retirement. If you...
TAX-FREE SAVINGS ACCOUNTS An alternative to RRSPs that is rising in popularity is the Tax-Free Savings Account (TFSA). TFSAs were launched in 2009, open to Canadians ages 18 and...
IS AN RRSP RIGHT FOR YOU? A big reason for opening an RRSP is to take advantage of the tax benefits it provides. The funds you contribute will not...
THE PRICE OF ADVICE: THE TRUE VALUE OF YOUR SERVICES Are you worth $3,750 per hour? Here’s a hypothetical scenario: if a client is charged $15,000 annually on $1...
KNOW YOUR RRSP CONTRIBUTION LIMIT After processing your tax return, Revenue Canada sends a Notice of Assessment, which includes your next years’ contribution limit. This document also shows your...