| Why should you consider buying into an RRSPs (Registered Retirement Savings Plan)? It is a great way to save on taxes! Remember, this program is a tax deferral program, meaning that when you withdraw the funds at a later date, it is expected that you will be in a lower tax bracket. Once your money is in the plan it can grow and grow (thank you compound interest!) and again, you will only pay tax on the funds as you withdraw them. Have questions? Send us an email at [email protected]! |
| Did you know? Interest on funds you have borrowed for personal purposes are not deductible, but it is possible that available cash you have used to repay loans for investment purposes may qualify. Have questions? Send us an email at [email protected]! |
Have you had to take prescription medication (that aren’t vitamins) that you don’t have coverage for? You can write off any prescription medication that you took this tax year, before December 31st. You can also claim medical insurance that you have purchased for an out-of-country trip!
Have questions? Send us an email at [email protected]!
