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.
A lot of Canadians are struggling as a result of the COVID-19 outbreak. The Federal Government has responded with several economic measures to support individuals and businesses. Other organizations including financial institutions have stepped up as...
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.
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.