The Home Savings Account Has Arrived

Canadians have gotten a boost to save for buying a home.  The new registered plan, the First Home Savings Account (FHSA), became available on April 1, 2023, and was included in the last budget from the governing Libera What You Need to Know The FHSA will allow...

Life Insurance: Universal vs Whole Life

Financial terminology is crystal clear for those folks who work in and are exposed to the financial industry on a regular basis; everyone else finds the definitions and implications difficult to understand.  “Universal” and “Whole Life” insurance is not exempt...

The Multi-Generational Home Renovation Tax Credit

The federal government has introduced a new tax credit that will make it easier for Canadians to care for relatives in their home.  The Multi-Generational Home Renovation Tax Credit came into effect January 1, 2023.  The new credit will cover expenses related to...

Spousal RRSPs Reduce Taxes, Now and During Retirement

Spousal Registered Retirement Savings Plans (Spousal RRSPs)  are often not utilized to their maximum benefit. These financial vehicles were designed to encourage retirement savings with tax breaks at the time of contribution and at the time of withdrawal, just...

The First Home Savings Account Has Arrived

Canadians have gotten a boost to save for buying a home.  The new registered plan, the First Home Savings Account (FHSA), became available on April 1, 2023, and was included in the last budget from the governing Liberals. What You Need to Know The FHSA will allow...