Category Archives: Tax

Comparing TFSAs and RRSPs – 2019

    If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can both be effective options for you to achieve your savings goals more quickly. However, each plan does have distinct differences and advantages / disadvantages. Let’s take a look at their key features

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    Getting the best from a financial advisor

      Working with a professional to help you to make sense of your finances can be a wise move, but for this relationship to work effectively it is important that you understand what to expect from your financial advisor. What can your financial advisor help you with? Defining your financial goals and creating a step by

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      2018 Federal Budget Highlights for Families

        Several key changes relating to personal financial arrangements are covered in the Canadian government’s 2018 federal budget, which could affect the finances of you and your family. Below are some of the most significant changes to be aware of: Parental Leave The government is creating a new five-week “use-it-or-lose-it” incentive for new fathers to take

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        2018 Federal Budget Highlights for Business

          The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.)  Here are the highlights: Small Business Tax Rate Reduction Confirmed Lower small business tax rate from 10% (from

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          BC Budget Highlights 2018

            BC Finance Minister Carole James delivered the province’s 2018 budget update on February 20, 2018. The budget anticipates a surplus of $219 million for the current year, $281 million for 2019 and $284 million in 2020. Corporate and personal tax rates remain unchanged. The biggest changes are: Elimination of Medical Services Plan (MSP Premiums) effective

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            Comparing TFSAs and RRSPs

              If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can both be effective options for you to achieve your savings goals more quickly. However, each plan does have distinct differences and advantages / disadvantages. Let’s take a look at their key features: While a TFSA can be used

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              RRSP Deadline is March 1, 2018. How much tax can you save?

                RRSP Deadline: March 1, 2018 The deadline for contributing to your Registered Retirement Savings Plan (RRSP) for the 2017 tax filing year is March 1, 2018. You generally have 60 days within the new calendar year to make RRSP contributions that can be applied to lowering your taxes for the previous year. If you want

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