Retiring in the Next 5 Years? Here is What you Need to Know.
Are you approaching retirement age? Retirement is a milestone that many of us will spend years working and saving toward. A time when we can finally sit back and enjoy the fruits and hard work of our lives. If you are planning on retiring in the next 5 years, here are some things that you […]
Are You Ready for the Tax Season?
Are You Ready for the Tax Season? Many people wait until the last couple of weeks to scramble and get their tax information ready before it is due on April 30th. Set yourself a goal to get ahead of the tax season. Staying ahead of the game and having everything organized can help you to […]
Are RESPs a Good Plan for My Kids’ College Funds?
Are RESPs a Good Plan for My Kids’ College Funds? If you want free money from the Government, then the simple answer is yes! RESPs are the best way for Canadians to save for post-secondary education. Disclaimer: The information below is believed to be correct at the time of writing, but please discuss with […]
What’s a TSFA account?
A TSFA account (Tax-free Savings Account) is a government-sponsored investment account that was introduced in 2009 as a way to encourage Canadians to save for their retirements. For many people, a TSFA is a simple, little bank account where you can store away some money and not pay any taxes on it. You collect the […]
What you should know about rental property tax deductions in BC
If you are renting property in British Columbia, whether that is a separate property or one or more rooms in your home, there are many expenses that can be deducted when doing your personal tax planning and calculating your rental income. Some of the basic expenses you can claim are: • Mortgage interest • Property […]
