New online tool will automatically fill in portions of people’s tax returns.
One third of Canadians who expect to receive a tax refund after making an RRSP contribution will save or invest the money.
RRSP contribution levels among Canadians have remained steady from last year.
Advisor.ca teamed up with our colleagues at Benefits Canada to bring you all the latest financial, pension and investing news from Canada’s most populous – and indebted – province.
And 25% expect they will never pay it back.
Turns out, the TFSA is worth about the same as giving us a break on apples and bananas for one year.
The best strategy is not the one that provides the highest income or the lowest tax bill, it is the one that the client understands, is willing to implement and achieves his or her income needs.
Only 37% of Canadians say they will contribute to RRSPs for the 2015 tax year, on average.
Direct deposit can create tax trouble
At this time of year, most advisors get asked if it is better to invest in a TFSA or an RRSP. I was asked that exact question at a recent speed networking event. I had just introduced myself as a financial planner to a man in his mid-40s and before I could ask him what […]