CRA

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

With changes to technology, many scams have evolved. Most of us know how to spot a phishing scam these days and to never believe a Nigerian prince offering us a million dollars, but sometimes thieves can … Read More