Books & Ledgers

Just a little reminder to start your day!

Do not miss the RRSP contribution deadline, February 29, 2024, to be included in the 2023 tax return filing.

Are you prepared for the tax season?

Merry Christmas to you and your family! Stay safe and warm!

Good news for families!

Boosted Canada Child Benefit Payments Will Start To Arrive In Bank Accounts This Week Get clued up on all of the CCB payment dates for 2023.👇

The IRS has sent 8 million tax refund checks so far. Here's the average amount. Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.

It's the tough times that help us grow and become stronger. Don't shy away from challenges, embrace them!

Sometimes it's difficult to stay on top of tax legislations especially if you are new to a country. You need to file your own taxes if you work in Canada. One very important tax form if you start a job is the TD1. Depending on your situation and how you fill out this form can make a difference between you getting a tax refund or owing tax to the CRA.

What kind of investment funds does your TFSA have? You can maximize the tax-saving benefit of a TFSA if it contains a portfolio that yields a higher rate of return compared to "in-house" products being offered by traditional financial institutions. Check the rate of return of your investments in your latest statement. Is it comparable to the average in the market of 6-8% or just 1 to 3% which does not even beat the inflation rate?

Forbes on LinkedIn: #qotd | 102 comments Quote of the day. | 102 comments on LinkedIn

Roshely Cerbo on LinkedIn: 1. Not valuing your credit 2. Raising credit card limits 3. Not monitoring… 1. Not valuing your credit 2. Raising credit card limits 3. Not monitoring your credit history 4. Not monitoring your credit score 5. Not knowing your interest…

TFSA (Tax-Free Savings Account) is an investment account, and can hold cash, GICs, mutual funds, index funds or other investment products. It is a unique way to save money and pay less tax, as the name suggests - a tax shelter account. This is a tax-saving opportunity for everyone, whether you are in your 20s, 30s, 40s or older. The article below outlines the difference a TFSA can make and significantly impact your short and long term financial goals with additional savings benefits. One very important point to note is that TFSA investments grow tax-free inside the account. The best way to maximize this tax-saving benefit is to have investment funds with higher rate of return inside your TFSA.

Do you have an existing TFSA account? What kind of funds or portfolios did your bank or financial institution invest inside your TFSA? What is the fund's performance or rate of return?

If you've never opened a TFSA, did you know that you can contribute up to $81,000 today?

Did you know that you can open a TFSA account with a monthly contribution for as low as $25 per month?

If you want to know more about the benefits of TFSA or how to open an account, feel free to send a message or book for a complimentary consultation.

TFSA basics Regardless of what you are saving for, a Tax-Free Savings Account (TFSA) is a great way to save for any financial goal – a long-term goal such as retirement or a short-term goal such as a car or a vacation.

Happy new year! Let's make 2023 not just any other year, but the best year ever!

Family is something that must always be treasured no matter what and no matter where.

CONSISTENCY IS THE KEY.