The tax -free savings account (TFSA) is one of the strongest tools that rich people use for tax planning, pension planning and estate planning. The rich have a good understanding of the TFSA -contributing space, transfer and the possible scenarios that can activate tax liability and use them optimally to lower taxes and maximize the […]
The Canada Revenue Agency (CRA) has required Canada Pension Plan (CPP) contributions to ensure that each Canadian has a basic income for food, medicines and utilities during retirement. If you have a mortgage or debts to bear fruit, CPP may not be sufficient. Do not rely on the maximum CPP payment, which in 2025 is […]
The tax -free savings account (TFSA) is a blessing for Canadians because the investment revenues tax -free and can be withdrawn tax -free. If you have a talent for long -term investment in growth, this tax saving account can help you build a portfolio of a million dollars without paying taxes. With the tax -free […]
Of all the organizations we deal with at least once a year, the Canada Revenue Agency (CRA) seems a difficult target for cyber crime. The federal department makes it difficult to secure its portal and taxpayer information with multi-factor authentication. But taxpayers themselves can unintentionally give criminals the keys to their CRA accounts. “Even with […]