Nov 21, 2024 · What’s new for the 2025 tax-filing season. CRA highlights AMT, capital gains, Canada carbon rebate and more. By Michelle Schriver | February 13, 2025 4 min read

4 days ago · Industry Insights. Bridging Health and Wealth: How Manulife Vitality Transforms Insurance Relationships. Discover how a pioneering program is revolutionizing access to preventative care and empowering advisors to deepen client connections.

Nov 1, 2024 · iStock / Bob Bosewell. The year’s maximum pensionable earnings under the Canada Pension Plan for 2025 will be $71,300, up from $68,500 in 2024, the Canada Revenue Agency (CRA) announced Friday.

Mar 19, 2024 · iStock / Johnny Greig. Some homeowners find the idea of holding their mortgage in their RRSP appealing, particularly as interest rates remain relatively high.

Jul 29, 2024 · iStock / Grandriver. Clients often don’t budget for long-term care in their retirement plans, which can be a considerable expense. While the public system is subsidized by provincial and territorial governments, clients must still pay out of pocket for part of the cost.

Nov 18, 2024 · iStock / da kuk. Canadian dividend-paying stocks offer an attractive opportunity as interest rates decline and investors search for yield. “As interest rates come down, Canadian investors are starting to look for alternatives to some short-term assets they’ve been investing in, such as GICs, high-interest savings accounts and other money-market assets,” said Greg Zdzienicki, vice ...

Feb 25, 2019 · Providing executors with peace of mind. One of an executor’s most important jobs is to obtain the clearance certificate: written confirmation from the Canada Revenue Agency that the deceased (and the deceased’s estate) has paid all taxes and associated interest and penalties up to the date the certificate is issued.

Jun 11, 2020 · Quebec: Nova Scotia: Nfld. Age range: Any age up to Dec. 31 of the year you turn 65: 55 to 64: 55 to 64: Maximum amount: 40% of maximum pensionable earnings ($23,480 in 2020)

Mar 23, 2022 · Eligible medical expenses incurred: $5,000: Less: CRA prescribed threshold ($2,421) Net eligible medical expenses: $2,579: Federal credit @ 15%: $387: Provincial credit @ 5.05% (Ontario)

Oct 15, 2024 · AdobeStock / Alex. The TFSA dollar limit will be $7,000 in 2025, matching the 2024 amount. That means the total contribution room available next year for someone who has never contributed to a TFSA and has been eligible to do so since its introduction in 2009 is set to be $102,000, up from $95,000 this year.