Mastering TFSAs and RRSPs Before the Deadlines As we welcome the new year, it’s a crucial time for Canadians to focus on their financial well-being, with particular attention to Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). The end of February marks a key deadline for TFSA contributions, Read more…
The New Canada Workers Benefit 2023: A Comprehensive Guide. The Canadian government is introducing the New Canada Workers Benefit (CWB) on July 28, 2023, to provide essential financial aid to low-income workers across the country. Eligible single workers and families can expect to receive quarterly payments, with amounts of up Read more…
The Ontario Tourism and Travel Small Business Support Grant provides a $10,000 – $20,000 grant to eligible businesses. How do you know the amount you will get? Well… the government hasn’t really explained that part. When the Government rolled out the Ontario Small business support grant, it left the tourism Read more…
The CRA has begun sending out T4As to Canadians who received COVID-19 income benefits in 2020. This includes CERB, CESB, CRB, CRCB, and CRSB. These slips will reflect all income received from the government due to the pandemic. Letters on CERB Ineligibility Some people have also received letters stating that Read more…
When reading through the information that the Canadian government has released regarding the CEBA loan, we noticed how the language is aimed primarily at product-based businesses. We, however, do think that there are some service-based businesses that may be eligible for CEBA. We think it is worth the required time Read more…
Kids learn lots of subjects at school… science, english, math, music, art… But, personal finance, accounting, and how taxes work is unfortunately currently not one of them.However, kids might not miss out on this lesson entirely because every year on Halloween, Dads seem to take it upon themselves to teach Read more…