The Blog

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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RRSP Loans The deadline of March 1, 2012 for contributions to an RRSP to be tax deductible for 2011 is fast approaching. While it goes without saying that you should maximize your yearly contributions, some individuals cannot afford to do so. But don’t let a lack of cash prevent you from utilizing this powerful financial [...]

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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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