Latest News
Personal amount:
The basic personal amount has increased to
$10,320.
Age amount:
Age amount for persons 65 years of age or older:
The maximum amount has increased to $6,408.
Working income tax benefit (WITB):
Tax relief provided by increased funding to the
WITB has been enriched for 2009.
Money Saving and Wealth Building Tips
Compound Interest and Debt:
- Pay down non tax-deductible debt as quickly as possible
- Are you better off to pay down your mortgage, or contribute to an RRSP?
- Credit cards - How compound interest can work against you
Compound Interest and Building Wealth
- How much will you have if you save $1 per day?
Reducing Costs:
- Lower your insurance costs.
- Prescription prices are not equal!
- Private health care plans - cost may exceed benefits.
- Buying a vehicle
Unclaimed Bank Balances
- Check to see if there are unclaimed bank balances that belong to you or a relative
Government Benefits
- Child and family benefits provided by governments
Government-Assisted Saving
- Registered retirement savings plans
- Registered disability savings plans
- Registered education savings plans