Oct 28, 2020 | Personal Tax and Finance, RRSP, TFSA & Retirement
As everyone knows, registered retirement savings plans (RRSPs) are intended to provide a means by which Canadians can save for their retirement on a tax-deferred basis. The rules governing RRSPs allow taxpayers who make contributions to such plans to deduct the amount... 
Mar 30, 2020 | Personal Tax and Finance, Featured, RRSP, TFSA & Retirement
A common question among people approaching retirement is when they should start receiving Canada Pension Plan (CPP) benefits. The amount of CPP you will receive is based on your average earnings over your working life, your contributions to the CPP, and the age at... 
Feb 25, 2020 | Personal Tax and Finance, Featured, RRSP, TFSA & Retirement
Every year RHN gets asked questions about RRSP’s. We have put a few of the most important together here! When do I need to make my contribution by? March 2, 2020 is the deadline for contributing to an RRSP for the 2019 tax year. Should I contribute to my RRSP? It...Jan 17, 2017 | Personal Tax and Finance, RRSP, TFSA & Retirement
RRSP Contribution Deadline is Near Wednesday, March 1, 2017 is the deadline for contributing to an RRSP for the 2016 tax year.The amount of RRSP contributions that you can deduct for 2016 is based on your 2016 RRSP deduction limit, which appears on your latest notice...Jul 26, 2016 | Personal Tax and Finance, RRSP, TFSA & Retirement
What the CPP boost means for the average Canadian worker The federal government hopes to finalize the agreement by July 15 of this year and then begin collecting more premiums from workers and employers alike starting in January 2019. Over the next seven years, the...Apr 14, 2016 | Personal Tax and Finance, RRSP, TFSA & Retirement
Tax Credits for Those Over 65 If you are 65 years of age or older on December 31 of the tax year, you may be eligible for certain tax breaks. Age amount You may be eligible to claim a tax credit for being 65 or older, depending on your income level. The maximum age...