Category Archives: Taxes

Time to Take the Tax Free Savings Account Seriously

Posted on April 14, 2014 by Rick

The Tax Free Savings Account (TFSA) was introduced in 2009. In 2009 and subsequent years through 2012, the TFSA dollar limit was $5,000 per year. For the years 2013 and 2014, the TFSA dollar limit is $5,500. For anyone who … Continue reading →

Posted in financial goals, financial planning, investing, saving, Taxes | Comments Off

The Purpose of Your RRSP

Posted on February 18, 2014 by Rick

You are probably hearing a lot these days about the options for your Registered Retirement Savings Plan, or RRSP. The reason is that the deadline for 2013 eligible contributions is fast approaching. Thanks to various government programs, the RRSP has … Continue reading →

Posted in financial goals, financial planning, retirement, saving, Taxes | Comments Off

Year End Tax Tips

Posted on November 6, 2013 by Rick

Tax planning is probably the farthest thing from your mind at this time of the year. However, the year 2013 is drawing to a close. That means you are running out of time to take advantage of any last minute … Continue reading →

Posted in saving, Taxes | Comments Off

Death and Taxes

Posted on October 14, 2013 by Rick

You’ve heard it before. There are only two certainties in life: death and taxes. Both are unavoidable. But did you know that the biggest tax bill you may ever have to pay is actually on your tax return filed after … Continue reading →

Posted in financial planning, Taxes | Comments Off

Understanding Tax Credits and Tax Deductions

Posted on May 1, 2013 by Rick

Most of us have now completed our 2012 tax returns. Have you ever wondered why certain line items on your tax return are tax credits and others are tax deductions? There is a big difference between credits and deductions and … Continue reading →

Posted in Taxes | Comments Off

Tax Planning – A Year Round Event

Posted on February 11, 2013 by Rick

You are no doubt being inundated with all the virtues of the Registered Retirement Savings Plan (RRSP) and the tax saving benefits that come along with this program. The problem is that many Canadians only do their tax planning at … Continue reading →

Posted in financial goals, financial planning, investing, retirement, saving, Taxes | Comments Off