Tax Free Savings Account Archives - Legacy Wealth Advisors

TFSA versus RRSP – What you need to know to make the most of them in 2022

by afa | Feb 1, 2022 | 2022, Blog, rrsp, Tax Free Savings Account

TFSA versus RRSP – What you need to know to make the most of them in 2022 TFSAs and RRSPs can be significant savings vehicles. To help you understand their differences, we have put together this article to compare: TFSA versus RRSP – Differences in deposits TFSA...

Retirement Planning for Business Owners – Checklist

by afa | Aug 2, 2021 | Blog, Business Owners, corporate, health benefits, life insurance, long term care, pension plan, rrsp, Tax Free Savings Account

As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come...

TFSA vs RRSP – What you need to know to make the most of them in 2021

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...

2021 Financial Calendar

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...

Personal Tax Planning Tips – End of 2020 Tax Year

by Legacy Wealth | Dec 2, 2020 | 2020 Only, Blog, Charitable Gifting, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retired, Coronavirus - Retiring, Coronavirus - Students, disability, Disability Insurance, Family, Financial Advice, Financial Planning, health benefits, pension plan, rdsp, Registered Education Savings Plan, rrsp, tax, Tax Free Savings Account

Now that we are reaching the end of the tax year, it’s an excellent time to review your finances. We’ve listed below some of the critical areas to consider and provide you with useful guidelines. We have divided our tax planning tips into five sections:...

Investing as a Business Owner

by Legacy Wealth | Aug 31, 2020 | Blog, Business Owners, corporate, Investment, rrsp, Tax Free Savings Account

Investing as a Business OwnerMany business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals such as: building and protecting your savingsproviding...