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The Basics of the Canadian Tax System

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…

By Caitlin Lawrence, 1 yearApril 23, 2024 ago
Personal Tax

TFSAs and RRSPs Made Simple

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…

By Caitlin Lawrence, 1 yearJanuary 16, 2024 ago
Personal Tax

Mastering Your Savings: A Guide to RRSPs and TFSAs in Ontario

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…

By Tyler Schaeffer, 2 yearsNovember 20, 2023 ago
Teaching Riley Videos Videos

TFSA 2021 Updates & How to Maximize Your Savings

Time to go over what a TFSA is, how you can use one to maximize your savings, AND what the 2021 updates are!In our previous post on emergency funds, we talked a little bit about the TFSA. You can check that video out as well. A TFSA, or Tax Free Read more…

By Riley Rose, 4 yearsJanuary 28, 2021 ago
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