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...
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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...
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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...
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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. ...
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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...
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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...
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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...
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