Learn&Grow

New Canada Life Webinars Coming This Fall

Get on track, stay on track Saving for retirement can feel overwhelming, especially when you’ve got other important things to save for and expenses to cover. Whether you’ve been saving for a while or are just getting started, this webinar will help you get on track for a retirement you can look forward to. [...]

By |2023-08-23T16:25:47-04:0023/08/2023|Learn&Grow|

How Canada Life Manages Our Personal Information

Our plan provider Canada Life takes rigorous steps to ensure that they protect and manage our personal information according to the regulatory standards within the financial industry. Here’s what you should know: Canada Life collects and uses data from plan sponsors and members to administer their retirement program Only data which is legislatively required, [...]

By |2023-07-28T12:23:22-04:0023/06/2023|Learn&Grow|

What You Should Know about the New Home Buyers’ Tax Free Account

Our plan provider Canada Life has gathered all the key points about the new First Home Savings Account (FHSA) in a short article. Here is a summary of everything you need to know: This new savings account will be launched in 2023 It combines some of the features of an RRSP and a TFSA [...]

By |2023-07-28T12:23:02-04:0023/06/2023|Learn&Grow|

New Proposed Tax Credit for Tradespersons Tools

The 2023 federal budget proposes changes in the deduction for tradespersons tools. Here are the facts: The proposed change included doubling the maximum employment deduction for tradesperson's tools from $500 to $1,000. The new maximum deduction would be in effect for the 2023 tax year. Under the current rules, a tradesperson can claim a [...]

By |2023-05-24T15:34:26-04:0015/05/2023|Learn&Grow|

Update: Proposed RESP Withdrawal Limit Expansion

The latest federal budget includes changes to the Income Tax Act (ITA) that change the amounts that students can withdraw from their RESP accounts. Here are the facts of the proposed changes: The current rules allow for a student in full-time post-secondary education to withdraw a maximum of $5,000 in education assistance payments (EAPs) [...]

By |2023-05-24T15:33:53-04:0015/05/2023|Learn&Grow|

Time to Spring-clean Your Finances

According to a recent study by Stats Canada published at the end of March, Canadian credit card debt has increased to $91.5 billion. That amounts to a 13.8% increase in December 2022. If you’re looking to reduce your credit card use and to bring down your debt, consider trying some of these suggestions: Set [...]

By |2023-06-05T09:41:49-04:0021/04/2023|Learn&Grow|

It’s tax season! Are you taking advantage of these tax credits?

Now that RRSP season is over, it’s time to look ahead to Tax season. While we know that many of you file with the help an accountant, others among you complete and file your taxes yourself. So the following short list of tips may be best suited to the personal filers. Maximize on your [...]

By |2023-03-21T12:46:04-04:0021/03/2023|Learn&Grow|

How to protect yourself from identity theft

According to the latest Canadian Anti-Fraud Centre’s annual report, digital frauds like Phishing, Spear Phishing and Identity Theft continue to rise. In fact, they report that there has been a 130% increase in dollar loss compared to the previous year. Since this is Fraud Prevention Month, here are some reminders on you can protect [...]

By |2023-03-21T12:24:59-04:0021/03/2023|Learn&Grow|
Go to Top