Aug
31

CRA targets RRSP Strips

CRA targets RRSP Strips. RRSP schemes are not rare but this particular scheme can greatly affect your retirement savings. Be skeptical of schemes that seem too good to be true.
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Aug
29

CRA offers flexibility for TFSA over-contribution

Recently, the CRA announced that for the 2010 filing year, the second year of the program, the CRA will once again be as flexible as possible in cases where there were genuine misunderstanding and confusion over the rules of the TFSA.
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Aug
24

Pay More Taxes for Debt Relief

The federal debt is a very sensitive subject considering that our neighbour, the US, is currently suffering the consequences of a hugely uncontrollable debt that has prompted Warren Buffet to say that he doesn’t mind paying more taxes to help the American government.
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Aug
22

Warren Buffet: Tax me more!

Rich business owners are given many tax breaks and tax incentives, an argument is presented from the super rich stating that it's only fair if they are taxed more.
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