by Seun Adeyemi | Feb 14, 2018 | Financial Planning, Investing, Retirement Planning, Tax Planning
Tick, tock, tick, tock. The RRSP deadline of March 1st is fast approaching. Are you planning to take full advantage of your RRSP this year? The RRSP is the government’s way of encouraging us to save for retirement. While RRSPs have been around for decades, it seems...
by Seun Adeyemi | Jun 6, 2017 | Financial Planning, Tax Planning
Should I incorporate? That really depends on your situation and needs. Before making a decision, please consider the advantages and disadvantages of a sole proprietorship versus corporation. Setup Costs: Sole Proprietor: Setting up your business is pretty simple and...
by Seun Adeyemi | Mar 29, 2017 | Financial Planning, Tax Planning
Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017. The budget expects a deficit of $23 billion for fiscal 2016-2017 and forecasts a deficit of $28.5 billion for 2017-2018. Find out what this means for families. Key points...
by Seun Adeyemi | Apr 25, 2016 | Tax Planning
Are you expecting to get a big, fat juicy tax refund this year from the taxman? You’re not alone. Over half (57 percent) of Canadians expect to get a refund from the Canada Revenue Agency (CRA) this year, finds a recent TD survey. Of those expecting a refund, over six...
by Seun Adeyemi | Apr 20, 2016 | Financial Planning, Tax Planning
Do you think high-income earners should pay their fair share of taxes? That’s at the heart of the debate of the Panama Papers scandal. With the top tax rate for high-income earners at a record 54 percent, there’s speculation that some of Canada’s wealthiest may be...
by Seun Adeyemi | Apr 12, 2016 | Tax Planning
With the tax deadline fast approaching, we continue with the theme of filing your taxes. Last week we spoke about changes on the way in the 2016 federal budget. This week we’re going to answer a common question faced by taxpayers – should I do my own taxes or hire an...
