Tax Free Savings Account Archives - Legacy Wealth Advisors

Do you have enough for retirement?

by afa | Mar 2, 2023 | Blog, pension plan, Retirees, retirement, rrsp, Tax Free Savings Account

Many of us dream of the day that we can retire and have the time to ourselves that we have dreamed of for so many years. But, to have a genuinely contented and relaxing retirement, you need to ensure that you have the means to afford it. So, now’s the best time...

TFSA versus RRSP – What you need to know to make the most of them in 2023

by afa | Feb 2, 2023 | 2023, Blog, rrsp, Tax Free Savings Account

When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. To assist you in understanding the distinctions, we will compare the following: The differences in...

2023 Financial Calendar

by afa | Jan 2, 2023 | 2023, Blog, Financial Planning, retirement, rrsp, Tax Free Savings Account

Welcome to our 2023 financial calendar! This calendar is designed to help you keep track of important financial dates and deadlines, such as tax filing and government benefit distribution. You can bookmark this page for easy reference or add these dates to your...

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...