A Tax-Free Savings Account, more commonly known as a TFSA, is a savings that can hold cash as well as investments. The TFSA was introduced to Canadians in 2009.

A Registered Disability Savings Plan (RDSP) was designed to allow Canadians with disabilities and their families to save. Unfortunately, many disabled individuals have diminished earning capabilities, and an increased cost of living.

Across Canada, investors wondered about the safety of their Home Capital, Home Trust, savings accounts and GICs. They are subject to continuous scrutiny by inspectors, regulators and the marketplace. 

When income is generated, tax often reduces the amount an investor eventually receives. Whether it is employment or interest income, dividends or capital gains, the CRA has specific rules, regulations and rates to subject income to tax.

RRSPs are an extreme example of deferred gratification; doing something good now for a benefit that occurs much later.

Bonds are back in the conversation. In 2022 when central banks started raising interest rates to combat inflation, the interest paid on new deposits, GICs and bonds have also risen.

Investments can deliver a major source of income, and tax provide significant implications for individuals. Each major type of investment income is subject to special tax treatment.

Spousal Registered Retirement Savings Plans must not be universally understood by investors, because they are not utilized to their maximum benefit.

Not only has the cost of college and university risen sharply, but so has the importance of graduating with a marketable skill and knowledge set, which increases the necessity of a post- secondary education.