What Are Child Care Expenses?

What Are Child Care Expenses?

Child care expenses are amounts you or another person paid to have someone look after an eligible child so that you or the other person could: earn income from employment; carry on a business either alone or as an active partner; attend school under the conditions...
The Tax-Free Savings Account

The Tax-Free Savings Account

Saving just got a whole lot easier! The Tax-Free Savings Account (TFSA) program began in 2009. It is a way for individuals who are 18 and older and who have a valid social insurance number to set money aside tax-free throughout their lifetime. Contributions to a TFSA...
RRSP VS. TFSA: WHICH IS RIGHT FOR YOU?

RRSP VS. TFSA: WHICH IS RIGHT FOR YOU?

Not sure whether to use an RRSP or TFSA for your retirement savings? That’s a common question. In general, those earning a low income (under $35,000 or so) should favour the TFSA, while high-income earners are likely to be better off with an RRSP. For those earning a...