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Preparing for a Trade War: 10 Ways to Protect Your Finances
The world is changing fast. Tariffs, trade conflicts, and economic uncertainty are making it harder to predict what the future will look like for Canadians. Will we see higher tariffs? Will certain industries be hit harder than others? How will this impact our jobs, investments, and cost of living? One thing is clear: Waiting is…
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What is an RDSP and How Does It Work?
A Registered Disability Savings Plan (RDSP) is a long-term savings plan designed to help Canadians with disabilities secure financial stability for the future. The Canadian government introduced the RDSP to provide tax-advantaged savings for individuals who qualify for the Disability Tax Credit (DTC). RDSPs are unique because they allow contributions from various sources, receive government…
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10 Tax Savings Strategies for 2025
As we step into 2025, implementing effective tax-saving strategies can help you reduce your tax burden and maximize your financial well-being. Whether you’re planning for retirement, optimizing deductions, or leveraging tax-free accounts, these 10 essential tax strategies will help you keep more of your hard-earned money. 1. Maximize Your Tax-Free Savings Account (TFSA) Contributions The…
