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.
Tax Accountant
Canadian Student Tax 101: Budgeting
You’ll discover small ways you may be wasting money or inadvertently spending more than you should.
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.
Ontario Staycation Tax Credit
Essentially, residents of Ontario can claim 20% of qualified accommodation expenses for vacationing in Ontario.
Tax Refund from Your Tax Return
This post will cover some basic strategic moves you can make to have a brighter financial future.
Einstein Your Financial Literacy
A positive cash flow asset creates cash flow every month.
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.