Learn about RRSP and TFSA transfer fees when you are moving your account between banks or to different financial institutions in Canada.| Savvy New Canadians
Learn about the current minimum wage in Newfoundland and Labrador, its history, scheduled increases, and NL income tax rates.| Savvy New Canadians
Learn about the sales tax in Canada including the federal GST, Provincial Sales Tax rates (PST), and the Harmonized Sales Tax (HST).| Savvy New Canadians
Learn about the RRSP deduction limit, RRSP contribution room, tax deduction carry forward rules, and over-contribution penalties.| Savvy New Canadians
Learn about Ontario tax brackets for the 2022 tax year, how to calculate your marginal tax rate, average tax rate, and the combined federal and provincial tax rates in Ontario.| Savvy New Canadians
The British Columbia Training and Education Savings Grant (BCTESG) contributes $1,200 to your child's RESP so you can save for their post-secondary education.| Savvy New Canadians
Although both the TFSA and RRSP are considered excellent savings and investing tools, sometimes, individuals would like to make a distinction between the two plans so they can choose one that best suits their financial realities.| Savvy New Canadians
Want to learn about how to withdraw RRSP without paying tax? In this post, I cover 3 ways to avoid RRSP withdrawal taxes and penalties.| Savvy New Canadians
Learn about the best RRSP investments available in Canada in 2024 including savings deposits, ETFs, GICs, mutual funds, stocks, and bonds.| Savvy New Canadians
Learn about the OAS payment dates in 2025, how much OAS you will get, eligibility, how to apply, OAS increase, and the GIS supplement.| Savvy New Canadians
The 2025 tax filing deadline for Canadians is April 30, 2025, and self-employed individuals have until June 15th to file their tax returns and get a refund.| Savvy New Canadians
Should I take CPP early at age 60, wait until the standard 65 years, or defer CPP benefits until I'm 70 years old? I get these questions a lot from readers, and while I do| Savvy New Canadians
Survivors and children of deceased CPP contributors may be eligible for the CPP survivor's pension, CPP children's benefit and a death benefit.| Savvy New Canadians