Shaelene’s Tax Tip of the Week – January 6th

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)!

Shaelene’s Tax Tip of the Week – December 23rd

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)!