Like a savvy treasure hunter seeking golden deals, you’ll find that maneuvering through Canada’s grocery landscape doesn’t have to drain your wallet. Rising food costs have made smart shopping more essential than ever, but you’ve got more...
The Tuition Tax Credit can help reduce your tax bill by 15% of eligible tuition fees paid to qualified educational institutions. You’ll need to be at least 16 years old and pay more than $100 in tuition fees per institution to qualify. Both full-time and...
The LLP can be a game-changer for your educational journey, offering tax-free withdrawals to fund your studies. As a Canadian student, you’ve likely heard whispers about this RRSP withdrawal option, but you might not fully grasp its potential. However, like any...
Before You Begin: A Friendly Heads-Up Before we set sail on this voyage through the ins and outs of Canadian retirement planning, let’s get one thing clear (so my legal team can sleep at night). The advice you’re about to receive comes from an AI—think of...
A Family RESP offers you a flexible way to save for multiple children’s education in one account, making contributions simpler and potentially maximizing government grants. You can tailor funds to each child’s educational needs, and investment growth is...
To reduce the tax on your severance pay in Canada, consider a few key strategies. Contributing to your RRSP can lower your taxable income, and spreading payments over several years may keep you in a lower tax bracket. Opting for salary continuance rather than a lump...
Yes, RRIF income affects your GIS benefits because RRIF withdrawals count as taxable income. The more you withdraw from your RRIF, the less you’ll receive from the GIS, since GIS benefits decrease as your taxable income increases. To minimize this impact,...
In a world where you can trust things to a lesser and lesser extent with AI overtaking humans in so many areas simultaneously, it’s really reassuring to look at videos. While AI can write almost as well as humans, it cannot (YET) produce the human touch that you...