by Heidi Pullem | Mar 14, 2023 | Tips
March 2023 – Don’t miss the April 30 2023 deadline to file your 2022 personal income tax return. CRA’s late-filing penalty is 5% of your 2022 balance owing, plus an additional 1% for each full month that you file after the due date, to a maximum of 12... by Heidi Pullem | Mar 14, 2023 | Tips
March 2023 – The new FHSA (First Time Homeowners Savings Account) passed into law December 15, 2022 and will be available starting April 1st 2023. Details are still evolving. Good news: Prospective homeowners will now be able to access both the Home Buyers’... by Heidi Pullem | Mar 14, 2023 | Tips
February 2023 – March 1st 2023 is the deadline for making an RRSP contribution for the 2022 tax year. Besides saving tax when you file your personal tax return, this is a great opportunity to take advantage of lower market prices and increase your future... by Heidi Pullem | Mar 14, 2023 | Tips
February 2023 – When it comes to choosing investments, its not how much you make, its what you get to keep in your pocket that matters. Investing in a non-registered (taxable) account offers opportunities to reduce and/or defer tax, but only if you understand... by Heidi Pullem | Mar 14, 2023 | Tips
January 2023 – January 30th is the deadline to pay any annual interest due on a prescribed rate loan outstanding in the prior year. This is important because many active prescribed-rate loans were created when interest rates were much lower than they are now....