The 2022 federal budget proposed a new savings tool for Canadians – the Tax-Free First Home Savings Account (FHSA). The Department of Finance has recently announced more details about the account, which is expected to be available “at some point in...
We launched our personal income tax preparation service in 2019, exclusively for clients of Starview Financial Advisors. Our clients are happy with this added service and we’d now like to extend the offer to family & friends of our clients. We offer competitive...
An additional $6,000 of Tax-Free Savings Account (TFSA) contribution room is available for 2022. The lifetime contribution limit (if you were born in 1991 or earlier) is now $81,500. Make sure to verify your contribution room before adding to your TFSA to ensure that...
Tuesday, March 1st, 2022 is the last day to contribute to an RRSP and receive an income deduction for the 2021 tax year. An RRSP contribution will reduce your tax payable and may also lead to a refund. In addition, you’ll benefit from tax-deferred growth on your...
$6,000 can be added to Tax-Free Savings Accounts (TFSA) for 2021. The lifetime contribution limit (if you were born in 1991 or earlier) is now $75,500. Always make sure to verify your contribution room before adding to your TFSA to ensure you’re not...
Monday, March 1, 2021 is the last day to contribute to an RRSP and receive an income deduction for the 2020 tax year. In addition to the tax refund you may receive, you’ll also benefit from tax-deferred growth for as long as the money remains in the...
