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, [...]
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.

During the market downturn in 2008 everyone knew the markets were bad due to the extensive coverage in the media. Radio, television, newspapers, internet: everywhere you turned the media was letting everyone know that the sky was falling and the world would soon come to an end. But as you are well aware, the world [...]

If you currently have a mortgage on your home then you probably have mortgage insurance. Mortgage insurance helps pay off the balance of the mortgage if you were to become seriously ill or die, thereby allowing your family to stay in your home. While the concept is great, unfortunately it is not that simple. The [...]

Did you know that if you or a family member is eligible for the Disability Tax Credit (DTC) then the Canada Revenue Agency (CRA, formerly Revenue Canada) may owe you up to $15,000? The DTC is a tax credit that a person with a qualifying impairment can claim to reduce their income tax by as [...]