RESP is Registered Education Savings Plans. It is best saving plan for your kids. Parents buy RESP for their kids. They can put money every year until the kid is 17. Canada government will give some grants. Here is an example. 1) One kid born in 2011. 2) His parentContinue Reading

Starting in 2009, a tax-free savings account (TFSA) is a new way for residents of Canada to set money aside tax free throughout their lifetimes. Contributions to a TFSA are not deductible for income tax purposes and the income earned in the account (for example, investment income and capital gains)Continue Reading

These Deductions are only work on the Blogger, like you or me. Don’t get caught leaving money on the table. Here’s a list of potential deductions that you might have overlooked. Consider: 1. Monthly Hosting Fees or Annual Hosting Plan. 2. Annual Domain Costs, say $8 each per year 3.Continue Reading