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Understanding the RRSP Deduction Limit Statement

Every year clients look at the RRSP Deduction Limit Statement on their Notice of Assessment and ask similar questions:
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Tax-Free First Home Savings Account

The First Home Savings Account (“FHSA”) was introduced in the 2022 Federal Budget to address the increasing difficulty Canadians are experiencing in buying a first ...
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TFSAs 101

The Tax-Free Savings Account (TFSA) allows Canadians to save and invest funds tax free in order to fund a wide variety of short and long-term ...
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2024 Tax Resources

2024 Wellington-Altus Corporate Tax Reference Card Personal Tax Planning Cards LIF and RLIF Minimum & Maximum Factors Personal and Corporate Tax Integration Reference Cards 2024 ...
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Deadline Reminder: 2024 Prescribed Rate Loan Interest Payment

Clients who have implemented a prescribed rate loan should be reminded to pay the appropriate interest relating to the 2024 year on or before January ...
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Prorogation Purgatory: What Parliament’s Shutdown Means for Proposed Tax Changes

On January 6, 2025, Prime Minister Justin Trudeau resigned, effective upon selection of a new leader of the Liberal Party of Canada, and requested that ...
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