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TFSA Vs RRSP: Which Is Better For You?

Posted by in Tax
2
Oct 2017
Contributing to both a RRSP and a TFSA is a great way to capitalise on tax advantages to grow your savings. But if you can’t afford to invest in both, which one betters favours your personal financial and tax situation? How TFSA compares to RRSP A Tax-Free Savings Account (TFSA) shares some similarities with a ...


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How To Deal With Tax Debt

Posted by in Tax
26
Jul 2017
If you have outstanding tax debts, you should immediately get in touch with the Canada Revenue Agency (CRA) to work out a payment plan and avoid steep penalties. That said, the CRA is not that flexible when dealing with debtors. For instance, most penalties usually include added interest as you repay. Furthermore, the ...


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How To Spot A Tax Scam Call

Posted by in Tax
25
Jul 2016
Every year Canadians report a new tax scam. It always starts off the same. You get a phone call from someone claiming to be an employee of the Canada Revenue Agency. They say that they absolutely need your personal information (social insurance number, passport number, banking information) so that you can either receive a refund ...


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