The Government Can Help Pay For Your Retirement

The Government Can Help Pay For Your Retirement

How would you like your money to make more money?

Do you have an existing RRSP?

Here is an opportunity – take your tax refund and reinvest it back into your RRSP!

Read More

Use RRSP’s to Help You Buy a New Home or Better Education

Use RRSP’s to Help You Buy a New Home or Better Education

RRSP’s have some cool tools to help you buy your first home or help towards paying for a post-secondary education. The programs are called: the Home Buyer’s Plan (HBP for short) and the Lifelong Learning Plan (LLP for short). Here is how they work:

Read More

RRSP’s – Are they for you?

RRSP’s – Are they for you?

RRSP’s, as attractive an investment for your retirement as they are, may not always be the best course of action for you. Why? There may be certain factors involved. Here are some highlights of what I mean:.

Read More

RRSP’s – How do they work?

RRSP’s – How do they work?

Since we are coming into RRSP season, it’s time to take a look at RRSP’s. Many people know what RRSP’s are, but they do not know how they work or even know if it is a suitable product for them to use.

So, it begs the question – what are RRSP’s and how do they work?

Read More

Eligible Deductions on Your T4 Slip

Eligible Deductions on Your T4 Slip

Your T4 slip is a very important tax document. I would argue it is the most common slip filed in a tax return in Canada. T4 slips are more than just reportable income, EI, CPP and tax deductions. Here is a list of some boxes may otherwise be ignored but are valuable deductions for your tax return. All boxes and lines for this blog pertain to the 2010 tax year.

Read More

TFSA – Tax Free Savings Accounts

TFSA – Tax Free Savings Accounts

Finally, genuine tax relief on a savings product! Canadian residents 18 or older can register for this tax-free product – the Tax Free Savings Account. So how does it work?

Read More