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Personal Financial Planning

June 5, 2020

Ins and outs of the Canada Emergency Response Benefit

Since mid-March, the federal and provincial governments have announced the creation of numerous programs to help both individuals and Canadian businesses with the financial fallout of […]
May 5, 2020

Deciding when to begin receiving Old Age Security benefits

The Old Age Security program is the only aspect of Canada’s retirement income system which does not require a direct contribution from recipients of program benefits. […]
May 5, 2020

Changes to RRIF withdrawal requirements for 2020

The past few months have been an almost perfect storm of bad financial news for Canadian retirees. The historic stock market downturn which occurred in mid-March […]
April 5, 2020

Administrative measures – COVID-19

Suspension of review, audit and collection activities The Canada Revenue Agency regularly carries out review activities in which taxpayers are asked to provide documentation or other […]
April 5, 2020

Business measures – COVID-19

Wage subsidy program for employers The federal government will be providing eligible employers who have experienced a significant decline in revenues with a wage subsidy. For […]
April 5, 2020

Individual tax measures – COVID-19

Changes to filing and payment deadlines for 2019 returns Individual Canadians are generally required to file their tax returns for the 2019 tax year on or […]
February 19, 2020

Taking advantage of pension income splitting

Income tax is a big-ticket item for most retired Canadians. Especially for those who are no longer paying a mortgage, the annual tax bill may be […]
February 19, 2020

RRSPs and TFSAs – making the annual choice

If there is one invariable “rule” of financial and retirement planning of which most Canadians are aware, it is the unquestioned wisdom of making regular contributions […]
February 19, 2020

Authorizing a representative – current rules and upcoming changes

There’s no denying that the Canadian tax system is complex, even for individuals with relatively straightforward tax and financial circumstances. As well, significant costs can follow […]