Category: Tax Planning
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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Essential Tax Planning for Canadian Retirees
Nov 9, 2024
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 […]
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BABY ON THE WAY?
Jul 8, 2024
Congratulations on the upcoming addition to your family! As you prepare for the new baby, here are some tax-related expenses you may be able to claim: Explore more expenses to claim
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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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