For years, banks have not offered competitive savings rates in deposit accounts. This allows them to make a lot more off of your money. With the current high rate of inflation, saving money in a “savings account” costs you about 4-5% in buying power annually (If you’re even getting a “decent” interest rate.) Compounding this over time, it’s losing you a ton of future buying power. If you’re planning to save your way to retirement, plan on being very poor.
Personal Tax
Canadian Student Tax 101: Benefits
What we’re talking about in this post is tax issues for students, what creates taxes, and what documents you need to file them.
Canadian Student Taxes 101: Loans
Getting your student finances in order will help now – and in the future.
Tax Refund from Your Tax Return
This post will cover some basic strategic moves you can make to have a brighter financial future.
How Tax Brackets Work
In Canada, the more you make, the more income tax you pay.
Employment Expenses Tax Deduction
The employment expenses tax deduction in Canada is very necessary for working Canadians.
Claiming Vehicle Expenses
The use of a personal vehicle can be tax deductible for both employees and self-employed individuals.
Working From Home Tax Credit
The working from home tax credit is still available in Canada for your 2021 taxes.
Canadian Personal Tax Credits
Personal tax credits are programs and incentives that help Canadians save money and reduce tax.
Early Bird Tax Preparation Discounts
If you have all your documents ready early, you can potentially save a lot of money this tax season.