tfsa-holliswealth-8ontario-stcatharines

Why Take Advantage of a TFSA?

A Tax Free Savings Account(TFSA) is a flexible registered general-purpose savings plan that allows Canadian residents to earn tax free investment income. In 2015 the tax-free contribution limit was raised from $5500 to $10,000 by the Conservative government. Although with the change in government, it has been announced that starting January 1, 2016 that the[…]

resp-holliswealth-st.catharines

Why should you start an RESP?

A Registered Education Savings Plan(RESP) is a government registered savings plan that helps you save for a child’s post secondary education. Limitations: There is no limitation on the number of contributors to a single plan or beneficiary. Although the limitation as to how much you can contribute to a beneficiaries plan tax-free over a lifetime[…]