Recreational property sales in Canada have soared over the past year. Since people have not been able to travel, cottage country is the new preferred vacation destination. With cottage season officially underway, you may want to double check your policy…
10 Things to Do with Your Tax Refund
Well, with filing our taxes in the rear-view mirror, it’s time to turn our attention from receipts and filing compliance to what to do with our refunds. Understanding the urge to spend it on Amazon or Skip-the-Dishes, here are a…
Withdrawing Money from Your RRSP
You can withdraw money from your RRSP at any time. However, the amount you withdraw will be included as part of your taxable income for that year and taxed at your marginal rate. Amounts withdrawn cannot be recontributed into your…
Changes to Ontario’s Estate Laws
The province’s estate law reform hit a major milestone last month with the passing of Bill 245. The updated legislation better reflects life in the 2020s. Effective January 2022, virtual will witnessing becomes a permanent option, getting married will no…
2021 Federal Budget Highlights
2021 Federal Budget Highlights There has been a lot of speculation over what new tax measures would be implemented to pay for the billions in government spending that has taken place over the last year to help soften the pandemic’s…