by Shoreline Financial | Feb 15, 2022 | 2022, Blog, RRSP, Tax Free Savings Account
TFSA versus RRSP – What you need to know to make the most of them in 2022TFSAs and RRSPs can be significant savings vehicles. To help you understand their differences, we have put together this article to compare:TFSA versus RRSP – Differences in depositsTFSA...
by Shoreline Financial | Apr 26, 2021 | 2021, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, Debt, Family, financial advice, Financial Planning, incorporated professionals, individuals, personal finances, Professional Corporations, tax
On April 19, 2021, the Federal Government released their 2021 budget. We have broken down the highlights of the financial measures in this budget into three different sections:Business OwnersPersonal Tax ChangesSupplementary HighlightsBusiness OwnersExtending Covid...
by Shoreline Financial | Feb 24, 2021 | 2021, Blog, RRSP, Tax Free Savings Account
If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can provide significant tax savings. To help you understand the differences, we compare: TFSA versus RRSP – Differences in deposits TFSA versus RRSP – Differences...
by Shoreline Financial | Feb 22, 2021 | Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retiring
On Friday, February 19, 2021, Prime Minister Justin Trudeau announced an extension to several of the COVD-19 federal emergency benefits. The goal of this extension is to support Canadians who are still being financially impacted by the COVID-19 pandemic.The...
by Shoreline Financial | Feb 12, 2021 | Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners
Great news for some ineligible self-employed Canadians who received the Canada Emergency Response Benefit (CERB). As per canada.ca:”Today, the Government of Canada announced that self-employed individuals who applied for the Canada Emergency Response Benefit...
by Shoreline Financial | Dec 29, 2020 | 2020, Accountants, Blog, Business Owners, tax
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400. Taxpayers will still be able to claim under the existing rules if they choose using...
