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
Hello Everyone, The annual limit for a Tax-Free Savings Account (TFSA) contribution in 2025 is $7,000. A Canadian taxpayer who has never contributed to a TFSA and has been eligible for one since its inception in 2009 will have a cumulative contribution room of $102,000. The TFSA can save Canadians (non-US citizens) a considerable amount...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
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
