The Blog

Federal Budget 2012 and changes to Old Age Security As expected, the government is moving forward with a plan to delay the age at which Canadians can start receiving Old Age Security and Guaranteed Income Supplement payments from 65 to 67.  The change will be phased in so that anyone over 54 years old today [...]

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The Tax Free Savings Account (TFSA) is a savings venue that can be used for both short and long term savings.  It is not designed to replace the Registered Retirement Savings Plan (RRSP), but offers flexibility for savings.  As of 2012, the maximum contribution room is $20,000.  A person can hold more than one TFSA, [...]

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The “NEW 30% Off Ontario Tuition” is a recently introduced grant for full-time undergraduate university and college students.  For the January semester you can receive a maximum grant of: -        $800 for university and college degree students -        $365 for college diploma and certificate students  The deadline for applying for this new grant for the January semester is [...]

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Being well-prepared for your retirement years is crucial.  Even if you have a company pension, there are still important factors to consider.  This new web-site from Mackenzie Financial offers some great information for everyone, even if you are already retired! Click on the image below to get started.  

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When applying for the Disability Tax Credit, a T2201 form must be completed and signed by your doctor.  Your doctor may have questions about how to fill out the form, what details to include or how much information is required.  The below website is available for review and may resolve delays before they happen.  Canada [...]

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