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How to get year-end TFSA information from the CRA

It’s available, but forget about calling Still looking to contribute to a Tax-Free Savings Account before the end of the year? If you’re not sure how much contribution room you have available for this year, you’ll have to do some digging. Unlike RRSP contribution...


TFSA contribution confusion

Should you max out the $10,000 contribution for 2015? Tax-Free Savings Accounts (TFSAs) sound simple. But they’re not. There’s an array of rules and regulations involved. One of the most common questions I’m asked is whether you would lose this year’s contribution...


Investment planning in your mid-40s

It’s not too late, provided you follow five basic rules Q – My husband and I are in our mid-40s, with two teenage children. We now own our home free and clear. Because we’ve been diligent about paying off our mortgage, with bi-weekly payments and annual...


Don’t wait: open a TFSA now!

Higher TFSA contribution limit is a real game changer The revised contribution limit for Tax-Free Savings Accounts (TFSA) really is a game changer. With the annual contribution limit raised to $10,000 from the previous $5,500, the TFSA is now a truly serious...



To contribute or not to contribute? That’s the question Registered Retirement Savings Plans (RRSPs) are effective investment vehicles for deferring tax. But should you contribute to a Tax-Free Savings Account (TFSA) instead because of the completely tax-free growth...


New Year’s resolutions you can keep

Don’t set impossible financial goals The New Year is a great time for making resolutions and for taking control of your finances. Easy to say, but not so easy to do! When you resolve something vague like, “I promise to spend less in 2015,” that’s a resolution that...


What to do with your tax refund

…And why a refund isn’t a good thing in the first place If you filed a tax return in April, by now, you’ll have received a Notice of Assessment from the Canada Revenue Agency. Sometimes it’s accompanied by a tax refund cheque. If it’s substantial, it might even...

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