Taxes are a part of everyday life in Canada. Understanding how the system works helps you manage your money better. Let’s go over the basics of the Canadian tax system and explain how it impacts you. Progressive Taxation Canada’s tax system is progressive. This means that if you earn more, Read more…
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…
Introduction In the realm of personal finance in Ontario, Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) are pivotal. These instruments are not just savings vehicles; they are strategic tools in wealth building and tax planning. Understanding their unique features and sensible use can significantly impact your financial Read more…
A common question asked by clients is “How do I LOWER my taxes at YEAR END?” Steve will break down 3 TIPS for lowering your taxes at year end by USING INVESTMENTS! These are HUGE YEAR-END TAX SAVING TIPS in CANADA that will Minimize YOUR Tax Bill, Maximize YOUR Tax Read more…
Saving for your first home is an exciting time, but there is a lot to think about. It’s important to know about all of the resources available for you to help make saving a little bit easier. One such resource is the RRSP First Time Home Buyer Program. Why RRSP? Read more…