EDUCATION CENTRE

Introduction Most people think tax season happens in April. But by the time April arrives, most of your tax decisions are already made. That’s where many individuals lose opportunities to reduce taxes and improve their financial outcomes. There are actually two tax seasons. Understanding the difference can change how much of your income you keep. […]

Make Sure Your Money Is Invested Simply contributing to your RRSP is not enough. You need to invest the money properly. First, review your risk tolerance. Then confirm your time horizon. Finally, make sure your investments support your long-term goals. If cash sits inside your RRSP, it does not grow effectively. As a result, you […]

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 […]