Featured Article What are tax write offs and what qualifies? If you own a small business in Canada, you can claim – or “write off” – certain expenses provided that they contributed to your ability to earn an income. August 19, 2021
TFSA vs RRSP: Which is better for you and why? The TFSA and RRSP are both great investment vehicles. In this article, we’ll explain the difference between TFSA and RRSP and discuss which may be the better option depending... Read more
What is considered Medical Cannabis in Canada? (Treatment, History) You might be familiar with recreational cannabis, but have you found yourself wondering what is medical cannabis and what's the big difference? You're not alone! Read more
Sole proprietorship vs Corporation in Canada - What's the Difference? When starting a business in Canada, one of the most important decisions you must make is whether to incorporate or operate as a sole proprietorship. This can have financial,... Read more
How To Invest Your Money in Canada - A Beginner's Guide Let’s face it, investing can be intimidating. There is a myriad of options for investments in Canada, which can lead to paralysis in deciding how and where to put your money.... Read more
When can you claim business expenses and how to calculate them? It’s important to claim all possible business expenses in order to minimize your taxes owing. Depending on your situation, the business expense tax deduction will be somewhat... Read more
How does a Registered Education Savings Plan (RESP) work? A Registered Education Savings Plan (RESP) is a great way for a parent or grandparent to save for a child’s post-secondary education. The Canadian government even offers a... Read more
Self Employment Ideas for Starting a Business in 2021 Everyone dreams of having financial independence, yet how can you achieve it? The answer is by working for yourself. Read more
What is a trustee and what does it mean? Planning for when we are not here is not the most exciting nor enjoyable task. For that reason, it is understandable that many avoid doing so, with the Angus Reid Institute... Read more
What is Critical Illness Insurance? Coverage, Payout, and more Critical illness insurance provides a lump-sum payment in the event that you are hit by a major illness, such as a stroke or cancer. You can purchase plans that will provide... Read more
Claiming dependents on taxes in Canada - Who is Eligible? Everyone in Canada likes to minimize the amount of tax they pay – so be sure to claim a deduction for your dependent if you are eligible. You’d be surprised at who can be... Read more