For the average Canadian, the decisions about where to invest extra cash can be overwhelming to say the least. So many acronyms…RRSP, RESP, TFSA, need I go on?? Many people rely on experts in select fields to help them make these decisions, while many self-educate and make the decisions themselves. Whichever category you fall into,… Read More RRSP…WXYZ! Chapter 4: The Big Decisions About Where to Invest Your Money
As I began writing this 3rd installment of my month-long RRSP bloggage, my wise and all-seeing wife (blog plug for Adventuresofmamakujo.com!) pointed out that I made a very large assumption when I began writing these posts. I assumed that my readers actually knew what an RRSP was and the basics of how it works! The… Read More The RRSP: A Beginner’s Guide…the ABC’s of the RRSP!
For this week’s installment (pun intended) of the ABC’s of the RRSP, I’ll try and answer a few age-old questions: Does God exist and, if so, why did he allow the creation of Revenu Quebec? Why don’t ALL toilet seats have that mechanism built-in that makes it go down slowly and how does it do… Read More The RRSP…QRSTUVWXYZ!! Chapter II – What’s that do anyhow??
For the next month, our blog focus will be the RRSP: Everyone’s favourite topic of conversation during the month of February! Why is the RRSP just a great subject for this time of the year, you ask? Well, there are several reasons, the top 3 being: It gives us guys something to worry about in… Read More Tax Tip Tuesday: The ABC’s of the RRSP…QRSTUVWXYZ!!
Don’t worry, be happy! Hashtag DWBH! Words (and weird acronyms) to live by in the Autumn season here in Montreal. The sun is shining, the apples are pickable, the leaves are a-changing and we don’t have to wear massive jackets and shovel tons of the white stuff just yet. So this week’s post is dedicated… Read More Tax Tip Tuesdays – Don’t Worry Be Happy, It’s Fall in Montreal!
During the month of April, Tax Tip Tuesday falls between Doing-Tax-Returns-Monday and Doing-Even-More-Tax-Returns-Wednesday. So you can imagine that it’s nice to take a break, write a blog post or meet with a new client. This week’s Tax Tip is more of a “Greatest Hits” list of questions I’m asked during these client visits, questions you… Read More Tax Tip Tuesday – Q&A With The Funny Accountant!
Continuing the discussion on great ways to keep our money out of the hands of our evil, pasta-hating government…a Tax Free Savings Account (or TFSA) is a great way to tax shelter a portion of your savings. It doesn’t give you the same advantages as an RRSP (self-plug alert – please see last week’s blog post!), but… Read More Tax Tip #6: TFSA is A-OK!
RRSPs Are Fun! …OK, that’s a total lie. I apologize. RRSPs cannot possibly be fun. The topic is actually one of the dullest and most mind-numbing in the entire accounting field. In case you’re unfamiliar, Registered Retirement Savings Plans (see RRSP acronym above…and below) are tools the Average-Justin or Average-CarlyRae Canadian can use to save… Read More Tax Tip #5: RRSPs!