I’m about to retire, what do I need to do?
http://legacywealthcanada.com/wp-content/uploads/2021/01/TFSA_vs_RRSP_2021_Featured_Image.png 281 500 Legacy Wealth http://legacywealthcanada.com/wp-content/uploads/2018/09/legacy-wealth-logo.png Legacy Wealth2021-01-21 14:01:102021-01-21 14:39:11TFSA vs RRSP – What you need to know to make the most of them in 2021
Both TFSAs and RRSPs can be significant savings vehicles for your clients. We've put together an article to help your clients easily understand the differences between them – with one section focussing on differences in deposits and one focussing on differences in withdrawals. The deposit section focuses on: • How much contribution room is available each year • How carry forward works for TFSAs and RRSPs • Tax deductibility of contributions • Tax treatment of growth The withdrawal section focusses on: • Conversion requirements • Tax treatment of withdrawals • Impact of withdrawals on government benefits • Impact of withdrawals on contribution room
http://legacywealthcanada.com/wp-content/uploads/2021/01/2021-FInancial-calendar-1.png 563 1000 Legacy Wealth http://legacywealthcanada.com/wp-content/uploads/2018/09/legacy-wealth-logo.png Legacy Wealth2021-01-04 06:00:002021-01-04 06:15:232021 Financial Calendar
We’ve put together a financial calendar for 2021. It contains all the dates you need to know to make the most of your government benefits and investment options. Whether you want to bookmark this or print it out and post it somewhere prominent, you’ll have everything you need to know in one place!
http://legacywealthcanada.com/wp-content/uploads/2020/12/Up-to-400-for-home-office-expenses.png 563 1000 Legacy Wealth http://legacywealthcanada.com/wp-content/uploads/2018/09/legacy-wealth-logo.png Legacy Wealth2020-12-29 11:47:492020-12-29 12:33:14Government of Canada to allow up to $400 for home office expenses
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400.
http://legacywealthcanada.com/wp-content/uploads/2020/12/Business-Owners_-2020-Tax-Planning-Tips.png 563 1000 Legacy Wealth http://legacywealthcanada.com/wp-content/uploads/2018/09/legacy-wealth-logo.png Legacy Wealth2020-12-11 06:00:552020-12-11 06:18:24Business Owners: 2020 Tax Planning Tips for the End of the Year
It's a great time to review your business finances now that we are nearing year-end. We have listed some of the critical areas to consider and provide you with some helpful guidelines to make sure that you cover all the essentials. We have divided our tax planning tips into four sections: - Year-end tax checklist - Remuneration - Business tax - Estate