EDUCATION CENTRE

View this post on Instagram A post shared by The Better Planning Group (@betterplanninggroup) Timing matters when it comes to Spousal RRSPs. Contributing before December 31 starts the three-year attribution-free period sooner, giving you more flexibility with withdrawals and helping you get more from your financial plan. A small timing choice today can make a […]

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 […]

In Canada, retirement tax planning is essential for preserving your nest egg, maximizing income, and minimizing the impact of taxes on your savings. With a combination of government benefits, registered and non-registered accounts, and strategic tax opportunities, retirees can plan effectively to secure a comfortable and tax-efficient retirement. Here’s a breakdown of key tax-planning strategies […]

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 […]

Every year in Canada, millions of dollars in tax deductions and credits go unclaimed. Here are 6 of the most overlooked deductions and credits that can help minimize your tax bill and maximize your refund. Union duesUnion dues can be deducted! Box 44 of your T4 slips will contain the total amount of dues you’ve […]