| Did you know? In 2021, CPP contributions will increase to 5.45% from 5.25% for employers and employees, and self-employed individuals will increase from 10.5% to 10.9%. The goal is to have one-third of your average salary available upon retirement each year, whereas before it was one quarter. |
| Have questions? Give us a call at 905-571-2665 (BOOK)! |
| Did you know? The RRSP contribution limit for 2021 will increase to $27,830 from the previous limit of $27,230. No need to worry if you don’t have the cash to meet that limit up front. It carries forward until you turn 71, when the RRSP must be used. |
| Have questions? Give us a call at 905-571-2665 (BOOK)! |
| Know a senior or someone with a disability that needs to renovate their home due to accessibility issues? They may be eligible for the Home Accessibility Tax Credit, which is 15% of up to $10,000 per year towards accessibility-related expenses which go towards helping them feel comfortable again in their own home. |
| Have questions? Give us a call at 905-571-2665 (BOOK)! |
