Category: Business Owner

Claim More in 2024: Tax Deductions for Families
Apr 4, 2025
When tax season arrives, knowing your deductions and credits can help maximize your refund. Here’s a quick guide to key tax benefits for individuals and families in Canada. Personal & Family Deductions ✅ Childcare Expenses – Claim daycare, summer camps, and caregiver costs.✅ Support Payments – Some spousal and child support may be deductible.✅ Student […]
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Incorporation 101: Is It Right for You?
Feb 1, 2025
Incorporation 101: Is It Right for You? At The Better Planning Group, we help you make informed business decisions. In this video, Fitzallen Sutton, CFP, breaks down the key benefits of incorporation, including: ✅ Personal Liability Protection – Shield personal assets from business debts.✅ Tax Savings – Leverage tax advantages to grow your business.✅ Enhanced […]
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Is an RRSP Contribution Right for You in 2025?
Jan 18, 2025
As the new year begins, many Canadians start thinking about maximizing their RRSP (Registered Retirement Savings Plan) contributions before the annual deadline. However, before you rush to deposit your hard-earned money into your RRSP, it’s worth reconsidering whether this strategy is the best move for you in 2025. While RRSPs are a valuable retirement planning […]
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Why Understanding Your Retirement Income Needs Is Essential for a Secure Future
Sep 9, 2024
Retirement is a significant life transition, one that marks the end of your working years and the beginning of a new chapter focused on relaxation, hobbies, travel, and more time with loved ones. However, this phase also comes with financial challenges that require careful planning. One of the most crucial steps in retirement planning is […]
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10 Overlooked Tax Credits and Deductions According To the CRA and Tax Experts
Apr 16, 2024
Every year in Canada, millions of dollars in tax deductions and credits go unclaimed. Here are 10 of the most overlooked deductions and credits that can help minimize your tax bill andmaximize your refund. 1 Union DuesUnion dues can be deducted! Box 44 of your T4 slipswill contain the total amount of dues you’ve paid. […]
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