Tax shelter

Taxes are a fact of life, but there are ways to reduce the amount you pay every year.

In 2017, Canadians are allowed to contribute the same amount to their tax-free savings account (TFSA) that they could in 2016: $5,500. In fact, except for 2015, the contribution limit has been stuck at the $5,500 … Read More

Finding the perfect gift for the little ones in our lives gets harder and harder every year. It’s challenging to strike the balance between a gift that a child wants and one that won’t drive the … Read More

While you’re allowed to make an RRSP withdrawal, there are often tax implications if you choose to take money out of your account before retirement.

Post-secondary education is costly and will likely be much more expensive in the future. A BMO Wealth Institute report predicts that a four-year university degree could cost as much as $140,000 for a child born in … Read More

There are many benefits to having an RRSP. Saving for retirement is often the main reason why most people get an RRSP but they can also be used for other purposes.