…only use line 232 to claim allowable amounts not deducted anywhere else on your return. You can’t use this line to claim personal or living expenses that are not legitimate…
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6 reasons to open an RESP
Registered Education Savings Plans (RESPs) can help you save for your child’s education. Here are six good reasons to use an RESP. 1. Government grants You can contribute personal savings…
If your child doesn’t continue their education
…Under specified plan rules, RESP accounts for beneficiaries eligible for the disability tax credit can stay open for up to 40 years. Group RESPs have different rules and restrictions, so…
Fraudster trick – Email spam attack
…take if you are email bombed Summary What is an email spam attack? An email spam attack or email bomb is a distraction technique used by cyber fraudsters to bury…
Financial statement basics
…step to informed investment decision-making. In general, the financial statements provide historical financial information about a company that is useful to existing and potential investors, lenders and other creditors in…
How setting goals can help you save
…to pay for and the less likely you will need to use a credit card or take a loan to cover some of the costs. Learn more about saving for…
Communicating your estate plan
…of all your financial accounts, such as bank, investment and credit card accounts. A list of your digital assets such as social media accounts, music streaming accounts, reward points accounts,…
Investing and the COVID-19 Experience
…bank loan or line of credit, withdraw from their investment account, or carry a balance on their credit card. Nearly 1 in 10 Canadian investors reported having faced an unexpected…
How do you help someone who was scammed?
…scam is convincing because of what they already believe is true – This is confirmation bias at work. This happens when people show preference to information which confirms what they…
Individual Pension Plans (IPPs)
…an IPP each year can exceed the amount an individual can contribute to an RRSP on their own, especially at later ages (age 50 or older). Creditor protection: Like other…