Why missing today s RRSP deadline isn t the end of the world yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Home Economics: The sandwich generation is taking it on the chin
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The sandwich generation forced to balance caring for their kids and their folks
If youâre pressed between taking care of young children and aging parents, youâre probably one of the many Canadians in the âsandwich generation.â Sandra Henderson, regional Toronto president at BMO Private Wealth, joined BNN Bloomberg for Your Money Month to discuss how the COVID-19 pandemic is further squeezing this cohort and what unexpected costs they may have to face when balancing their budgets.
Women are putting family financial plans before their own
Image source: Getty Images.
It’s not too late! You can still contribute to your Registered Retirement Savings Plan (RRSP), though time is running out. As of March 1, 2021 the deadline will be over for the 2020 tax year. So if you’re an investor looking to put some of your extra cash away, there are few options better than in your RRSP. And that’s whether you’re retired or not!
Why Enbridge stock should be your first choice
Enbridge Inc. (TSX:ENB)(NYSE:ENB) will continue to be one of the top performers in the North American oil and gas transmission for decades. The company runs pipelines across the continent. As oil prices continue to rise, investors should already look forward to some serious gains from this stock.
CRA: Just 3 Days Left to Claim This 2020 Tax Credit!
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The one thing every Canadian can agree on is that it’s not fun to pay taxes. Taxes are, of course, essential. However, it doesn’t make it any more enjoyable when the Canada Revenue Agency (CRA) takes a chunk of your paycheck.
Luckily, though, there are ways we can reduce our taxes. The many tax credits and reductions do make filing your taxes difficult. However, they also allow Canadians to reduce the money owed to the CRA considerably.
It’s therefore crucial that you spend the time to understand your taxes thoroughly and do what you can to maximize your after-tax income.