Many people use their TFSA as an emergency fund, or for short-term goals. Often it's in a bank savings account. That's fine if you don't have another source of cash. But the power of the TFSA is tax-free, compound growth over a long time horizon. Invest it if you can.

Your most valuable asset is your ability to generate income over time. This human capital is highest early in your career. It approaches zero as you near retirement.

Everything you need to know about the tax treatment of In-trust-for (ITF) accounts in Canada An In-Trust-For (ITF) account, also known as an  In-Trust account, is an unregistered investment account commonly set up for minors in Canada. #Taxpage #ITFaccount #Taxplanning #Canada

The ability to keep going even when you don’t feel like or not at your best, is what separates the consistent performers and the mediocres Take a rest if needed then forge ahead 🥂

You should never want less income to pay less on taxes during the accumulation phase of your life Why? Taxes are marginal Only money that fits into those higher brackets gets taxed higher

As Guilbeault and Trudeau commit to move away from fossil fuels, let’s have a look at the new equalization payments to provinces for 2024-25 to see how energy producing provinces help support the rest of Canada.

🎄 Holiday PSA: If an airline denies you compensation without proof and the facts seem off, don't just accept it! Always advocate for yourself - you might end up like me going from ‘delay caused by weather’ to full settlement simply by filing a lawsuit against the airline. In

The environmental costs of EV batteries that politicians don't tend to talk about | CBC News cbc.ca/news/canada/lo…

Remember for most things tax related, there are also other legal/operational implications. Example You hire someone as a contractor when they should be an employee. This is a tax risk. But separate from tax, there are also employment law considerations. If you fire them,

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Everyone is comfortable and financially smart until there's a need to bury a loved one. Funeral costs are not cheap in North America. Your wealth-building strategy is incomplete without proper estate planning. Life Insurance is a good estate planning tool. Get it when you are

Interesting read - Electric cars release MORE toxic emissions than gas-powered vehicles and are worse for the environment, resurfaced study warns dailymail.co.uk/sciencetech/ar…