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Welcome to our tax & wealth tips!
Here we post all our best financial tips and tricks, from taxes to savings. Use the Search Tool above or select a tag in the column to the right to browse specific financial topics!
Why You Should Report Your RRSP’s the First 60 Days
Did you know RRSP's need to be reported in the first 60 days in order to avoid a Tax Bill? Attention all RRSP-er's! CRA will Adjust your Tax Return for failure to report your first 60 days of RRSP Contributions correctly. This WILL RESULT IN A TAX...
RRSP’s How Much is too Much?
What is over contributing in terms of RRSP's? In Canada, the Government allows you to defer upto 18% of your annual "Earned" income, through the use of Registered Tax Deferal Plans, These Plans are usually refered to as RRSP's, Pension Plans and Defered Profit Savings...
What is a RRSP?
Thoughout our 25+ year's of completing Income Tax Returns, we are still amazed that there are financial institutions that sell RRSP's to clients who do not even know what they are getting, ...............well except a Tax Refund! So here we are going to attempt to...
Tuition, How Does it Work?
I paid for my childs education, why can't I claim it? The rules surrounding tuition are complex at best. While the government allows for transfers of tuition to parents, grandparents and spouses. They have rules on when and how much can be transferred. In addition to...
Is the Apprenticeship Board Paying for Your School? You Still Qualify!
Under the many apprentiship programs out there, most tradespeople find themselves in a position where they do not directly pay for their school. But they do! When they go to take their levels, they not only recieve EI while in school, but at tax time they will recieve...
“Money does not buy you happiness, but lack of money certainly buys you misery.”
Daniel Kahneman
“Money does not buy you happiness, but lack of money certainly buys you misery.”
Daniel Kahneman
“Money does not buy you happiness, but lack of money certainly buys you misery.”