Articles

The Tax-Free Savings Account (TFSA) contribution limit for 2018 remains at $5,500. Introduced by the federal government in 2009, the TFSA provides a flexible tax-free method of saving. However, a TFSA is more than a savings account. It is an investment account where you don’t pay tax on the capital gains. To be eligible you … 2018 TFSA maximum contributions stays the same

Titled “Equality and Growth: A Strong Middle Class”, the recent federal budget was a contradiction. On one hand thoughtful in its vision for a better Canada but with a proposed $21.5 billion in new spending over five years, lacking a sense of fiscal responsibility. The Trudeau government continued to push for women’s rights. Women are … Budget 2018: a progressive agenda with proposed billions in new spending

Every year on March 8 people around the globe celebrate International Women’s Day — a day devoted to the economic, cultural, and political achievements of women, and the furthering of gender parity. In Canada the 2018 theme is #MyFeminism, which is fitting as our Prime Minister is a self-proclaimed feminist. At January’s World Economic Forum … The importance of women’s financial independence

Criminals continue to prey on unsuspecting souls across all demographics, and are getting away with millions of dollars. In some cases, financially ruining families. If you have received a phone call, authentic looking email or text from the Canadian Revenue Agency asking for personal information such as your credit card, bank account, or social insurance … Fraudsters are getting more sophisticated

Canadians get upset when they think the wealthy get special tax treatment. Getting special treatment is changing. As part of the government’s plan to clampdown on people who intentionally avoid paying taxes, the Canada Revenue Agency is revising the Voluntary Disclosures Program (VDP). Under the old program, non-compliant taxpayers could come clean to the CRA … The CRA is cracking down on tax evasion

Historically, when thinking of retirement, the key question was whether you had enough money to support your desired lifestyle for the rest of your life. The fear being you would run out of capital. Statistics Canada reports that Canadians are living longer, and estimates 20 per cent of Canadians will be 65 years of age … Planning for retirement is getting more complex