Tax planning is a continuous process, but the start of the year presents a prime opportunity to review your finances and maximize any available tax-saving strategies. As we enter 2025, here are some key tax tips to consider. Create a CRA My Account Do you have a CRA My Account yet? Here are… Read More
The You First Blog
As we head into a new year, it’s hard not to see echoes of the past. In 2025, the United States will have a new president, though he’s a familiar face. Markets have rallied in anticipation of the incoming administration and its proposed economic policies, much like they did following the 2016 election. The U.S…. Read More
Here is the updated set of essential tax numbers for 2024. Working-Aged Individuals RRSP Maximum Contribution: The maximum new RRSP space generated is $31,560; for 2025 it will be $32,490 TFSA Space: $7,000 of new space. Unused space from prior years carries over FHSA Space: $8,000 of new space. Unused space from prior years carries… Read More