Tax Season – the Most Dreaded Time Of The Year
Now that the holiday season is over, Canadians can now look forward to tax season. For many, it’s often a scramble to get their return completed before the deadline, so that they avoid paying any penalties.
Paying Down Debt A Top Priority In 2019
It may be a new year, but not necessarily a happy one for everyone. A new CIBC poll finds paying down debt is the top financial priority for Canadians heading in 2019. Almost a third (29 per cent) say they've taken on more debt in the past 12 months, citing day-to-day expenses as the key…
How Retirees Can Maximize Their Tax Savings
While retirees may be exempt from the morning alarm and the daily grind that follows, they unfortunately aren’t exempt from paying tax – and filing as a retiree can be complicated.
5 Things We Can Learn From Real Estate In 2018
With much of 2018 in the rear-view mirror, It’s been quite the year for the housing market in the GTA and elsewhere in Ontario. From sales and price fluctuations to supply concerns to rising housing costs. As 2019 approaches, here are five things we can learn from real estate in 2018.
The Financial Pitfalls Of Downsizing
There can be unforeseen financial challenges when downsizing that can end up costing you more money than you anticipated.
Finance: To Move Or Not To Move?
An overwhelming number of Canadians over the age of 65 want to stay in their family home. A survey, commissioned by Home Equity Bank and conducted by Iposos, revealed that 93 per cent wanted to stay in their current home throughout their retirement.
When it comes to saving for retirement, it’s recommended to save 10 per cent of your after-tax income from the day that you start working full time. If you do this, you should have enough money to retire at the age of 65.
Finance: Individual Pension Plans
As a result of the February 2018 Federal Budget, which clarified the rules of how passive investment income will be treated in a corporation, business owners should be looking carefully at IPPs (Individual Pension Plans).
Finance: Lessons Learned
Sears Canada permanently closed their doors as of January, 2018. Like Simpsons, Eaton’s and Simpson Sears before them, these iconic stores are all part of our history.
Outdated Rrsps: The Registered Retirement Savings Plan Was First Introduced In 1957
The Registered Retirement Savings Plan (RRSP) was first introduced in 1957. It’s a great way for your investments to grow, tax free, while you’re still working.