March 3, 2025 is the last day to make an RRSP contribution for the 2024 tax year. You can find your personal contribution limit on your Notice of Assessment (NOA) from Canada Revenue Agency and can confirm with your Tax Advisor. These are some potential benefits of an RRSP to consider: You receive an RRSP tax deduction to use against income Your...Read More
If you have any Estate Planning questions please give our team a call to set up a time to review your unique circumstances and how your investment accounts can provide you with important Estate Planning benefits. This excerpt from an Estate Planning article linked below discusses named beneficiaries: “Here’s a tip. If you haven’t named...Read More
If you want to know the financial net worth of the average Canadian see below. This chart is from an article by Fidelity Canada entitled, How Much do Canadians need to Save for Retirement?https://www.fidelity.ca/en/insights/articles/how-much-canadians-save-for-retirement/ Although this survey was taken in 2019 and it does not include real estate but only financial assets (minus: Tax Free Savings...Read More
When we provide financial advice for Canadians we discuss the benefits of opening a MyCRA account with the Canada Revenue Agency. With this account individuals can view and manage their taxes online and gain quick and easy access to important personal financial information. A MyCRA account can make investment planning much easier. Some benefits of...Read More
