There are several tax benefits to being part of either a married or common-law couple. These include taking advantage of the spousal tax credit and pooling your charitable donations and medical expenses to receive a larger tax credit.
Looking ahead to 2023, we’re feeling more optimistic towards both the equity and fixed income markets (we’re confident they’ll soon come out of their troughs).
As people approach retirement, their thoughts often turn to estate planning and making sure their final wishes are officially documented. They could also consider having someone help them with their financial decisions. This can lead them to appointing an executor for their will or signing a power of attorney.
Did you know there are ways to reduce taxes on RESP withdrawals? Starting university is an exciting time for students but can be a stressful one for their parents.
A will often needs revisions and changes. But when should you review? We explain.
A Tax-Free Savings Account (TFSA) is a great tool to build wealth for most Canadians while paying less tax. Although there are many benefits to investing in a TFSA, there can also be costly mistakes. This article outlines the eight most common pitfalls people encounter and how to avoid them.