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Brief Guide to RRSP for the 2019 Tax Season

Getting right into it. What is an RRSP? A Registered Retirement Saving Plan (RRSP) is a government sanctioned investment plan designed to help a taxpayer save for retirement by making contributions that are tax deductible. This means that you can contribute to an RRSP and claim the deduction from the income in the year of…
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Year End Accounting To-Do List for Small Business Owners

Here is a list of must-do accounting tasks for all business owners. Organize your accounting recordsReview bank reconciliationsGo over accounts receivable Go over your financial documentsThink About what you can write off   Ask about additional deductionsPlan your taxesThink about what changed this year 1. Organize Your Accounting Records Your accountant or bookkeeper will need 3…
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Minimizing Taxes During Estate Planning and Charitable Giving

Did you know that there are three possible beneficiaries to your estate? These are Your FamilyThe GovernmentA Charity When a death occurs, the default beneficiaries of the deceased are their family and the government. However many people prefer to leave their wealth to a charity and their family. Naturally, this requires some planning ahead of…
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