Category: Finances

Here in Canada, we pay lots of tax on our income. So whenever there's a chance to save tax, if you're anything like me, you jump at it. One of the best way to save tax is using the Tax Free Savings...

The First Home Savings Account (FHSA) is a program implemented in 2023 to help Canadians save for their first home. Similar to the RRSP, FHSAs are tax decuctible, and you don't pay any tax on the...

Registered Education Savings Plans (RESPs) are a Canadian government program to help save for education. These allow parents, grandparents, or family friends contribute to a fund for a child's...

Here in Canada, we pay no shortage of tax. On our income, we pay anywhere from 25%-50% (depending on income and province), and on our purchases we pay 5%-15%. There’s also taxation on capital...

There is an infinite number of ways to invest money in Canada, whether that is registered accounts (RRSPs, TFSAs, etc.), real estate, taxable investing accounts, private lending, investing in your...

Registered Retirement Savings Plans (RRSPs) are perhaps the most powerful of the registered accounts when it comes to building wealth, but with that power comes restrictions and future tax...