Need a little extra cash for Christmas? Want to start on a good financial footing in 2012? Your family’s tax returns are a great place to start, because you may just find a lump of gold hiding in year end tax planning opportunities. In a volatile investment environment, being tax astute can add double digits …Read More
Dec 292011
A portion of amounts received as severance pay or retiring allowance can be transferred directly to a Registered Retirement Savings Plan (RRSP), so that income tax, Canada Pension Plan premiums, and Employment Insurance premiums need not be deducted. The allowed transfer amounts are: $2,000 for each year or part year of service with the employer …Read More
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