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2014 RRSP Deadline (for the 2013 Tax Year) is on March 03, 2014 Therefore, your RRSP contributions must be made before the RRSP deadline for the 2013 tax year (March 03, 2014). 2013 maximum RRSP contribution limit: $24,270 If you did not utilize your full RRSP contribution limit from 1991 to 2013 you are able […]

Tax-Free Savings Accounts were launched in January 2009 and have been growing in popularity ever since. Before going into the benefits of TFSA I believe it is important to define TFSA as per the CRA website: “The new Tax-Free Savings Account (TFSA) is a flexible, registered general-purpose savings vehicle that allows Canadians to earn tax-free […]

What is the Home Buyers’ Plan? Under the federal government’s Home Buyers’ Plan, you can use up to $25,000 of your RRSP savings ($25,000 per person or $50,000 for a couple) to help finance your down payment towards a new home. To qualify, the RRSP funds that you are using must have been deposited at […]

2013 RRSP Deadline (for the 2012 Tax Year) is on March 01, 2013 Therefore, your RRSP contributions must be made before the RRSP deadline for the 2012 tax year (March 01, 2013). 2012 maximum RRSP contribution limit: $22,970 If you did not utilize your full RRSP contribution limit from 1991 to 2011 you are able […]

Every year you work extremely hard with the intention to make more money so you can spend on what you desire. You put in more and more hours and seem to have less and less at after all the bills are paid. The problem is the more money that you make, the further the government […]