rrsp

Does Your Pension or Annuity Qualify for the Pension Income Amount?

2018-03-20T15:06:36+00:00

You may be able to claim up to $2,000 if you reported: eligible annuity and/or pension income on line 115 of your return; eligible pension income on line 116 of your return; or annuity payments on line 129 of your return (box 16 of your T4RSP, Statement of RRSP Income slip), only if you

Does Your Pension or Annuity Qualify for the Pension Income Amount?2018-03-20T15:06:36+00:00

Tax Credits, Benefits and Deductions for Seniors to Enjoy

2017-07-19T14:45:58+00:00

  The Canada Revenue Agency (CRA) wants seniors to get the tax credits, deductions, and benefits they are eligible for. Here are 11 of the most common credits and benefits for seniors. Pension income splitting – If you receive a pension, you may be eligible to split up to 50{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} of your eligible pension income with

Tax Credits, Benefits and Deductions for Seniors to Enjoy2017-07-19T14:45:58+00:00

Boost Your Tax Savings with a Spousal RRSP

2017-03-01T15:52:33+00:00

As the name would indicate, a Spousal RRSP is a plan that is registered in the name of your spouse or common-law partner; however, contributions to the Spousal RRSP are made by you.  As the contributor to the spousal plan, you reap the benefits of the tax deduction, while the withdrawals are taxed in the

Boost Your Tax Savings with a Spousal RRSP2017-03-01T15:52:33+00:00

Invest in Your Future with the Lifelong Learning Plan

2017-02-08T15:11:06+00:00

If you are planning to return to school to enhance your existing skill set or even start a new career, the federal government’s Lifelong Learning Plan (LLP) can help. The Lifelong Learning Plan is the sister program of the very popular Home Buyers’ Plan (HBP).   Like the Home Buyers’ Plan, qualified LLP participants can

Invest in Your Future with the Lifelong Learning Plan2017-02-08T15:11:06+00:00

The Home Buyers’ Plan Helps Get You a Tax-Free Loan

2017-01-11T14:33:23+00:00

The Home Buyers’ Plan allows you to withdraw up to a maximum of $25,000 from your Registered Retirement Savings Plan (RRSP) to help finance your down payment.  If you are purchasing it with a spouse, a partner, a friend, or someone else, you can each access up $25,000 from your individual RRSPs.  Withdrawals for

The Home Buyers’ Plan Helps Get You a Tax-Free Loan2017-01-11T14:33:23+00:00

More Money with the New Canada Child Benefit

2016-07-20T12:52:22+00:00

The federal government will be rolling out the new Canada Child Benefit (CCB) on July 20, 2016.  The program is intended to put more money in the hands of families, and the federal government anticipates that under this new child benefit package most families will receive higher payments than under the old Universal Child Care

More Money with the New Canada Child Benefit2016-07-20T12:52:22+00:00