CRA

The amount we pay in taxes to the government each year adds up. Unsurprisingly, many are interested in claiming as many deductions as possible to help lower these tax bills. Things like donations, student loan interest…

Editor's note: This post was updated on May 4, 2023, following PSAC's tentative agreement with the Treasury Board on May 1 for a 12.6% wage increase …

Isn’t it too soon? Haven’t we spent enough time thinking about tax season?  Why do we have to talk about RRSPs now? That’s supposed to be a January/February thing, isn’t it?

TFSAs are a great savings vehicle, but a couple of quirks make it possible to accidentally over-contribute—a mistake that incurs tax penalties.

Here’s a look at some of the news that caught our eye this week.

With close to six million contributors and $37.4 billion in contributions reported in 2013 by Statistics Canada, the RRSP is undoubtedly the retirement savings vehicle of choice for Canadians. Yet the rules that surround contributions, withdrawals … Read More