COMPARING TFSA AND RRSP The literature on this topic abounds and yet, there still seems to be much confusion in the Canadian consumer/investor’s mind. The real difference between the RRSP and TFSA comes down to their contribution limits and withdrawal restrictions as well as how and when you pay taxes following these events. TFSA basicsRead more about The big Canadian Conundrum: RRSP OR TFSA?[…]

Will you be working in 2020? Maximum RRSP contribution: The total amount you can contribute to your RRSP each year is made up of your contribution limit for the current year plus any “carry-forward” contribution room from previous years. Your RRSP contribution limit for 2019 is 18% of the earned income you reported on your tax returnRead more about Key Tax numbers for 2020[…]

If you own a business December 31 is just around the corner, but it might not be too late to take some steps that could make a noticeable difference when come tax time. With that in mind, here are 8 important year-end reminders. If you own a business If you own a business Are previousRead more about A few year-end reminders[…]