Saving & Budgeting
Are you a Canadian citizen who files tax returns every year? Yes, then you could be eligible for a tax credit on the GST (Goods and Services Tax) and HST (Harmonized Sales Tax) payments that you have made. What exactly is GST/HST, who is eligible, and when are the GST payment dates for the year […]
We are all aware of how the COVID-19 pandemic led to a recession in the Canadian economy. It affected every sector so deeply that Canada saw its highest unemployment rate in several decades. In these uncertain times, savings play a huge role in every person’s life. With so much uncertainty in the job market, stock market, […]
Successful financial planning involves making wise investment decisions according to your financial situation and goals. As you begin to think about investments for 2021, it is important to be aware of how TFSAs and RRSPs can benefit you. Both these investment instruments can help you save on tax, but they work in different ways. In […]
Opening a TFSA (Tax-Free Savings Account) is a great way to shield your savings from further taxation as you try to make your money grow. TFSA or Tax-Free Savings Account is a registered savings account or an investment account in which you can amass your savings tax-free. Additionally, if you invest the funds in your […]
Before filing your returns, don’t forget to add your CERB benefits. Read on to find out how much tax you need to pay on CERB benefits.