by Legacy Wealth | Feb 22, 2021 | Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retiring
On Friday, February 19, 2021, Prime Minister Justin Trudeau announced an extension to several of the COVD-19 federal emergency benefits. The goal of this extension is to support Canadians who are still being financially impacted by the COVID-19 pandemic. The...
by Legacy Wealth | Feb 12, 2021 | Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners
Great news for some ineligible self-employed Canadians who received the Canada Emergency Response Benefit (CERB). As per canada.ca: “Today, the Government of Canada announced that self-employed individuals who applied for the Canada Emergency Response Benefit...
by Legacy Wealth | Jan 21, 2021 | 2021, Blog, rrsp, Tax Free Savings Account
If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can provide significant tax savings. To help you understand the differences, we compare: TFSA versus RRSP – Differences in deposits TFSA versus RRSP – Differences...
by Legacy Wealth | Jan 4, 2021 | 2021, Blog, personal finances, rdsp, Registered Education Savings Plan, retirement, rrsp, tax, Tax Free Savings Account
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...
by Legacy Wealth | Dec 29, 2020 | 2020, Accountants, Blog, Business Owners, tax
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. Taxpayers will still be able to claim under the existing rules if they choose using...
by Legacy Wealth | Dec 11, 2020 | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate, Estate Planning, Financial Advice, Financial Planning, incorporated professionals, Investment, Professional Corporations
It’s a great time to review your business finances now that we are nearing year-end. Your business may be affected by recent tax changes or new measures to help with financial losses due to COVID-19. Figuring out the tax ramifications of these new measures can...
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