2020 was a year of immense change – and taxes were not immune. From government benefits for those who lost jobs or experienced reduced hours to small business loans and the shift to working from home, there aren’t many people whose tax filings won’t look different this year. As Ap...

If you’re a Canadian resident over the age of 18, you’re probably familiar with RRSPs and understand that they are an important component of retirement planning. Yet, you may not realize the many ways you can use your RRSP to its full advantage and the many benefits to be realized! First...

In a previous post, I compared RRSPs with TFSAs. This time I’d like to provide a few strategies on the program Canadians are most familiar with - the RRSP. Most investors have a rough idea of how RRSPs work, but determining how they fit into your life and financial plan can be a different stor...

With each new year, every Canadian adult who earned income in the last year and is under the age of 71 gets additional room to contribute to their TFSA and RRSP. As an income-earning Canadian adult, there are two investment vehicles you should consider taking advantage of (if you aren’t alread...

“I’m too poor to buy cheap.” - Tom Lekushoff (wise words from my father) Save money and grow your wealth - two of the most important actions in life, yet they require very different skill sets to execute successfully. Below are some thoughts on both. Saving Money Wealth = Income - ...

You graduate from college. You get a job. You save up for a down payment. You buy your first home. It’s a smart investment, right? For centuries, buying land or property of some sort has been a marker of financial success. And for centuries, this has made sense— property created wealth. ...

Make your money work for you. Although it’s sometimes hard to remember, the money you make is a vehicle to achieving your goals, not a cause for financial stress. If you feel like you’re constantly worried about your financial situation, or like you’re mindlessly putting aside mone...

There are some big changes coming to the investment industry, with one of the most important being an increased level of transparency when it comes to fees. Starting January 2017, investors will start seeing how the fees they pay are calculated, not only to their advisors but also on their investmen...

Tax season got you stressed? Not sure what you can write off, or how? The myriad of different deductions for different types of individuals and families can be difficult territory to navigate. It’s important you receive the deductions you deserve, while making sure you don’t make any mis...

The CRA has a comprehensive website of tips and changes, but we’ve put together a list of the major ones. If you have any questions, or would like to know more information on other tax changes, don’t hesitate to send an email or call 416-777-6368. Personal finance Arguably one of the mos...