Posts Categorized: Retirement

Tax Tips Nov 2021

Piggy Bank

Canada Revenue Agency announces maximum pensionable earnings for 2022. The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2022 will be $64,900—up from $61,600 in 2021. Full article Canada Revenue Agency announces maximum pensionable earnings for 2022 – Canada.ca   Effective January 1, 2022, the maximum insurable earnings will increase from $56,300 to… Read more »

19 Tax Planning Tips for Year End 2019

Yearly Planner December

YEAR-END TAX PLANNING December 31, 2019 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation. SOME 2019 YEAR-END TAX PLANNING TIPS INCLUDE:  1. Keep Track of Eligible Expenditures Certain expenditures made by individuals by December… Read more »

All About Retirement

Saving for Retirement While there are a number of options for retirement savings, most Canadians use RRSPs and TFSAs. RRSP The RRSP (Registered Retirement Savings Plan) is an account that can hold savings and investments and is the most common form of retirement plan for Canadians. There are two reasons for this popularity: Contributions to… Read more »