Tax Free Savings Account | Safeguard Insurance & Financial Services Ltd.

Do you have enough for retirement?

by Financial Tech Tools | 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 Financial Tech Tools | 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 Financial Tech Tools | Jan 1, 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...

Comparing TFSAs and RRSPs – 2020

by Financial Tech Tools | Jan 30, 2020 | 2020 Only, Blog, Family, individuals, investment, retirees, RRSP, tax, Tax Free Savings Account

If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can both be effective options for you to achieve your savings goals more quickly. However, each plan does have distinct differences and advantages / disadvantages. We’ve...

2020 Financial Calendar

by Financial Tech Tools | Jan 1, 2020 | Blog, Business Owners, corporate, individuals, investment, RRSP, tax, Tax Free Savings Account

2020 Financial Calendar Financial Calendar for 2020 – All the dates you need to know to maximize your benefits!

Year End Tax Tips for Employees

by Financial Tech Tools | Nov 22, 2019 | 2019 Only, Blog, estate planning, Family, individuals, investment, retirees, RRSP, tax, Tax Free Savings Account

Now that we are nearing year end, it’s a good time to review your finances. With the federal election over and no major tax personal tax changes for this year, 2019 is a good year to make sure you are effectively tax planning. Below, we have listed some of the key...

« Older Entries

Subscribe via RSS

First Home Savings Account (FHSA): What You Need to Know June 1, 2023
Are you looking to buy your first home in Canada? The First Home Savings Account (FHSA) could help make it happen. This savings plan allows first-time home buyers to save up to $40,000 tax-free, with contributions being tax-deductible. In this article and infographic, we cover everything you need to know about FHSA, including eligibility requirements, […]
Financial Tech Tools
Estate Freeze May 1, 2023
No business owner likes to think about handing over their business they've built from the ground up. But the fact of the matter is, you will have to do it eventually. Even more concerning, what if you were to become ill or incapacitated? Making a decision of this magnitude during trying times would not be […]
Financial Tech Tools
Tax Tips You Need To Know Before Filing Your 2022 Taxes April 3, 2023
It’ll be time to file your 2022 taxes soon, and you must take advantage of every tax credit and deduction you can! Our article covers the following: • Canada Workers Benefit. • Claiming home office expenses. • The tax deduction for zero-emissions vehicles. • Return Of Fuel Charge Proceeds To Farmers Tax Credit. • Eligible […]
Financial Tech Tools
Don’t lose all your hard-earned money to taxes April 1, 2023
It’s essential to manage your tax planning properly – both while you are living and for after your death. You want as much of your money as possible to go to your beneficiaries, not the government. Our article contains three tips to help you do that: 1. Learn how to make the most of the […]
Financial Tech Tools
Federal Budget 2023 Highlights March 29, 2023
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures: • New transfer options associated with Bill C-208 for intergenerational transfer. • New rules for employee ownership trusts. • Changes to how the Alternative Minimum Tax is calculated. • Improvements to Registered Education Savings Plans. • Expanding […]
Financial Tech Tools

Latest posts

First Home Savings Account (FHSA): What You Need to Know
June 1, 2023
Estate Freeze
May 1, 2023
Tax Tips You Need To Know Before Filing Your 2022 Taxes
April 3, 2023
Don’t lose all your hard-earned money to taxes
April 1, 2023
Federal Budget 2023 Highlights
March 29, 2023

Latest posts

Categories