Tax season means RRSP season too!
While the first 60 days of every year tend to be the “Top up” season for financially savvy Canadians, there are people who don't seem to care about the Registered Retirement Savings Plan (RRSP) deadline and choose to remain to belong to the sort of “Anti-RRSP” crowd.
It’s tax season once again, here in Canada, it is a common knowledge that the wages that you earned in a year will be taxed by Canada revenue Agency (CRA). And I will be honest to say that I am thankful that we only have to file taxes once a year (personally speaking).
The cost of education after high school in Canada is getting steeper, to date, the estimated full cost of a 4-year undergraduate degree from a Canadian university can cost to $30,000.
For the past few months, the changes to the Universal Child Care Benefit (UCCB) has continuously unroll, while the changes in the UCCB is effective January 2015, the Canada Revenue Agency (CRA) will only be in the position to make increased payment until the proposed changes has received Royal Assent and the necessary changes