Category Archives: Retirement Planning

6 Ways to Increase Your Tax Return

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Here are some ways to help turn your tax return into a windfall: Tax Credit for Public Transit If you are a Public Transit user, you can claim the cost of transit on your tax return. Hold on to your weekly or monthly passes and receipts and you can claim the Public Transit amount for [...]

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What is a TFSA? and how do they compare to RRSPs

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In RRSP post, we outlined what an RRSP is and how to make your RRSP grow faster, but RRSPs aren’t the only government driven savings plan available. Since 2009, the Canadian government has offered the Tax-Free Savings Account (TFSA) as an alternative to the RRSP. What is a TFSA? The TFSA is a flexible, registered, [...]

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What is an Estate Plan? And 10 Reasons Why You Should Prepare One

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Estate planning is a process that allows the assets in your estate to be distributed to your beneficiaries according to your wishes in a timely, orderly and tax-efficient manner. 10 reasons to have an estate plan: Having an up-to-date estate plan with a valid will helps to ensure that your dependents and heirs will be [...]

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What is an RRSP? What are the major advantages? and ten strategies to make your RRSPs grow

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What is an RRSP? A Registered Retirement Savings Plan (RRSP) is a personal retirement plan that is registered with the government to assist and encourage Canadians to save for their retirement. At VPFG, we offer a variety of investment options to include in your RRSP account including Term Deposits, Bonds, Mutual Funds, etc. What are the major advantages of RRSPs? [...]

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