Don’t wait until it’s too late to start tax planning! Lynn MacNeil May 20, 2023 816 Managing Your Money Four months are already gone…the clock is ticking. This is the time of year when many people are kicking themselves for not having looked at their tax planning early last year. If your acc...
The Newest ‘Tax-Free Saving Account’ – How young adults (and even their parents) can take advantage Lynn MacNeil April 14, 2023 494 Managing Your Money Many Canadians are anxiously awaiting the availability of the newest ‘Tax-Free Saving Account’, slated to be available in the coming months. The First-Home Savings Account (FHSA) was first ...
Charitable Remainder Trust, a valuable giving option Kathy Assayag JCF Executive Director December 16, 2022 488 A CRT can enable a donation in the present and also provide an annual income Have you been thinking of making a meaningful donation to a cause close to your heart but wonder if you may need to rely on the inco...
Markets are down – don’t miss these golden opportunities Lynn MacNeil July 10, 2022 962 Managing Your Money Last month, as I was shopping for outdoor furniture, I came across some chairs that I had fallen in love with last summer. With recent inflation, I was kicking myself for not buying them the...
RRSPs: Unusual strategies & uncommonly known rules Lynn MacNeil February 23, 2020 1885 Managing Your Money RRSPs, also known as Registered Retirement Savings Plans, are the Canadian government’s way of encouraging us to create our own pension plans. They can be controversial for those who worr...
“Cutting the lemons”, “Dumping the dogs” – using tax loss selling to reduce your taxes Lynn MacNeil February 1, 2020 1590 Managing Your Money Not every investment is going to be a winner. Buying stocks that go down in value is simply part of investing. While it usually makes sense to stick to the old adage “buy low, sell high”,...
Reduce Taxes in your Pre and Post Retirement Life Lynn MacNeil March 12, 2013 4339 Q: My wife is retired already and I am planning to retire in the next two years. What can we do to save taxes either now or after I retire? A: The number one expense for nearly every Canadian is … taxes. Ho...
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