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Jan
15
The clawback of government benefits can have a significant impact on your retirement income. with some careful RRSP planning as age 71 approaches, you can reduce taxable earnings in retirement- and reduce the clawback of government benefits. The tax deductible of contributions is one of the most valuable features on an RRSP. If you […]
Nov
28
Year End Tips to Save you Money As the holiday season approaches most of us are focused on spending time with family and friends. It’s also the opportune time to implement final income tax strategies and be mindful of how existing and new tax changes can effectively reduce your 2018 tax bill. Here is […]
Jul
11
The Tax Free Savings Account, a Registered account was introduced in 2008 by the Federal Government of Canada. The account was designed to provide tax-free income. If you are a Canadian resident age 18 or older, you are eligible to contribute to $5,500 a year to a TFSA- this is your annual contribution limit. The […]