As tax season approaches one financial advisor said it’s important to take your income level into account when weighing the benefits of a tax-free savings account (TFSA) or registered retirement savings plan (RRSP).
The registered retirement savings plan marketing blitz has begun. The short-term reward is a tax refund in the spring, but there are at least three situations when it’s probably better to take a pass.
While rising interest rates may make some Canadians hesitant to use their credit card, one personal finance expert said continuing to do so allows consumers to accumulate points from loyalty programs.
According to a Maru survey conducted in January on behalf on TurboTax Canada, 23 per cent of Canadians reported having a side gig in addition to their primary employment.
As the deadline for registered retirement savings plan contributions approaches, one tax expert said it is possible for Canadians to have too much of their savings in a RRSP.
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