Registered Disability Savings Plans (RDSPs) have been around since 2008 helping Canadians with a severe and prolonged disability, save for their future. RDSPs can be established for those who qualify for the disability tax credit (T2201) offering a tremendous bonus to those eligible in the form of generous government grants, tax sheltered investment growth and flexibility around investment choices.
It's the 2nd Mother's Day since our Mom left us 672 days ago (I'm an accountant so I count). She was our family's superhero for so many reasons (I can't count).
Buying life insurance is all about providing a financial safety net for loved ones should you not be around to take care of them sometime in the future. It’s about covering certain expenses like final costs, student education costs and ongoing living expenses for loved ones should you die prematurely.
Given the increasing incidence of websites being hacked, it's important to be ever vigilant to protect your important financial information and to be proactive enough to mitigate any damage should your information be compromised.
Lots of students may believe they don't need to file a return because they don't owe any money..however, they may be leaving money on the table without filing. What student couldn't use a few extra dollars ?
These Top 10 Age Friendly Tax Tips are particularly relevant to those over the age of 65 or those living with a disability.
The goal of estate planning is to leave what you have to whom you want to at the least possible cost in terms of administration and taxes. But, no one can successfully predict how long they will live; illness and accidents can happen at any age & when least expected. That's why estate planning is important no matter the age (or stage). Too many families are caught off-guard and found unprepared when an incapacity or death happens and proper estate plans are not in place.
Many Canadians know that good credit history will make it easier to get a mortgage or a line of credit but often a prospective employer, insurer, cell phone company or landlord may also check a prospective client's credit during the application process. These are good reasons to make sure your credit history is in good order. But it's even more important to check your credit on at least an annual basis because of the increasing occurrence of identity theft.