The 2021 tax filing season is on the horizon and kicks off on February 22, 2021.
There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business. ARTICLE TABLE OF CONTENTS Always Collect Receipts Manage RRSP and… Continue Reading “Small Business Tax Strategies – Reduce Income Tax (2020)”
It shouldn’t come as a surprise that people with a history of illness like heart disease would have a more difficult time getting approved for life insurance than those who are healthy. But the key word here is difficult, not impossible. If you’ve had… Continue Reading “Can I Still Get Life Insurance After a Heart Attack?”
Many people in their 40s are facing an uncomfortable fact: They simply aren’t where they’d hoped to be financially. Fortunately, all their life experience can help correct for past mistakes. “There’s a different trigger moment for everybody,” says Jay Howard, financial advisor and partner… Continue Reading “4 Ways to Get Financially Fit in Your 40s”
Registered Retirement Savings Plan (RRSP) An RRSP (registered retirement savings plan) is an investment account that is registered with the Canadian government and is used as a vehicle to save for retirement. An RRSP is different than a typical investment account because it provides… Continue Reading “Financial planning 101: Retirement”