Many Canadians have taken advantage of the Tax-Free Savings Accounts (TFSA) since their advent in 2009, but as a quick recap: they don’t reduce your taxable income when you invest in them; only the income earned on these investments is sheltered from tax. As a result, withdrawals from a TFSA are not taxable; they are … Read more
We are settling into our brand new office nicely and look forward to hosting you soon. You will now find us at: 260 Milroy Dr, Unit #1 Peterborough, ON K9H 7M9 Our telephone number and email addresses remain the same. We have also made a small change to our name. We are now: Cody & … Read more
As most people know, the deadline to make an RRSP contribution that you can apply against your 2014 taxable income is March 1st, but you shouldn’t leave it until then to decide on this important savings strategy. In fact, depending on your financial situation, an RRSP may not even be the best savings vehicle. Contributing … Read more
Another year, another tax season. Many people engage a professional to prepare their tax return assuming that will ensure nothing is missed, but even the pros can only work with what information they are given and there is a limit to the number of questions they will ask. Here are some areas that frequently get … Read more