How to go about securing the best Retirement Plan in Canada.
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Piper makes a good buck as a lawyer but still has piles of school debt. Is her dream of owning a downtown Toronto condo realistic? + MORE Jan 25th
Financial adviser Jason Heath says Piper needs to get her debt and expenses under control before even thinking about home ownership and retirement.... More »
Can you delay a RRIF withdrawal? Jun 6th
Ask MoneySense
I read you can base your RRIF withdrawals on your wife’s age to minimize them. Can you please explain exactly what that means? My wife is seven years younger than me, and I am 68. I already have a small RRIF, set up for the pension benefit. When I hit 71, when I convert my RRSP to a.... More »
3 sectors to consider investing in when the stock market is volatile May 3rd
If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. He.... More »
Stock news for investors: Retail stocks tumble despite strong earnings + MORE Jun 20th
Here’s a round-up of news for Canadian investors this week.
Reitmans
Gildan
Groupe Dynamite
Empire
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EQ Bank
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Russ Dyck financial advisor Nov 8th
Meet Russ Dyck
Russ Dyck, a Certified Financial Planner and founder of Finovo, specializes in financial planning for professional couples and young professionals. He is passionate about helping clients navigate complex financial decisions with clarity and confidence, tailoring each plan to meet t.... More »
2022 Income Tax: New tax credits for Canadians
– moneysense.ca
It’s that time again… to get all your paperwork ready for tax season. We all know about having our T4 and registered retirement savings plan (RRSP) contribution statements ready, but what about the new tax credits for the 2022 tax filing season? What are they and how do they work? Don’t worry, we’ve done the legwork for you.
When are 2022 taxes due?
First, the important tax dates to mark in your calendar. The deadline for individuals to file their tax returns is usually on April 30 every year. However, since that date falls on a Sunday in 2023, the deadline is May 1, 2023.
If you or your spouse or common-law partner are self-employed, your submission deadline is June 15, 2023, but if you owe any tax, you have to pay it by May 1, 2023.
Most sole proprietors or partnerships also have a May 1, 2023 deadline for their returns, unless their fiscal year doesn’t follow the traditional calendar year. Then their deadline is six months after the end of their fiscal year…
