Our government introduced the Tax Free Savings Account (TFSA) in 2009. For people who don't know much about them, these savings accounts are a great way to save your money, and earn income on it, tax-free. Here are some things you need to know about the tax free savings account.1. How does a TFSA … [Read more...]
RRSP Contribution Deadline is March 2, 2009
Next Monday is your deadline for making an RRSP contribution that will count towards your 2008 tax return. I want to make an important clarification on how much one is able to contribute. If you look at your Notice of Assessment, which is the document that you are sent from CRA after you … [Read more...]
NEW! Tax Free Savings Accounts
Earlier this year, the Federal Government announced its plan to introduce a Tax Free Savings Account (TFSA) for Canadians, starting in 2009. A TFSA is a flexible registered savings plan that will improve savings and assist nearly all Canadians with their different savings needs throughout their … [Read more...]