News

RRSP Deadline is February 29, 2024

The RRSP contribution deadline for the 2023 tax year is fast approaching. Thursday, February 29th is the last day to contribute to a RRSP and receive an income deduction for the 2023 tax year. A RRSP contribution will reduce your tax payable and may also lead to a...

TFSA Contribution Limit for 2024 is $7,000

New year, new TFSA contribution limit! The annual contribution limit for 2024 has increased to $7,000. The lifetime limit for someone who has never contributed (and turned 18 in 2009 or earlier) is now $95,000. Check out all of the benefits that a TFSA has to offer!...

RRSP Deadline is March 1, 2023

Wednesday, March 1st, 2023 is the last day to contribute to a RRSP and receive an income deduction for the 2022 tax year. A 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 money...

TFSA Contribution Limit for 2023 is $6,500

Happy New Year! An additional $6,500 of Tax-Free Savings Account (TFSA) contribution room is available for 2023. The lifetime contribution limit (if you were born in 1991 or earlier) is now $88,000. Make sure to verify your contribution room before adding to your TFSA...

First Home Savings Account

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 2023". The purpose...

2021 Income Tax Preparation

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...

TFSA Contribution Limit for 2022 is $6,000

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...

RRSP Deadline is March 1, 2022

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 money...

TFSA Contribution Limit for 2021 is $6,000

$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 over-contributing.