EDUCATION CENTRE

If you’re an incorporated doctor, dentist, lawyer, or consultant, you’ve probably heard the term “CDA” tossed around by your accountant. But what does it actually mean for your bottom line? In short, the Capital Dividend Account, or CDA, is one of the few truly tax-free ways to pull money out of your corporation. Understanding it […]

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 […]

You’ve Filed Your Taxes Now What? Tax season is over. You’ve crunched the numbers, submitted the paperwork, and (hopefully) received a refund. But before you splurge on that weekend getaway or the latest tech gadget, let’s talk about something smarter: investing after taxes. For many young professionals, tax season is the first real encounter with […]