investment | 4 Corner Financial

Understanding Tax-Free Savings Accounts (TFSAs)

by 4 Corner Financial | Aug 1, 2023 | Blog, investment

A Tax-Free Savings Account (TFSA) is an investment vehicle available to Canadian residents. It offers numerous benefits, including tax-free growth of your investments and tax-free withdrawals. Before you decide to open a TFSA, it’s essential to understand the...

First Home Savings Account (FHSA): What You Need to Know

by 4 Corner Financial | Jun 1, 2023 | Blog, investment

The First Home Savings Account (FHSA) is a savings plan designed for first-time home buyers in Canada, which allows them to save up to $40,000 tax-free. Contributions to an FHSA are tax-deductible, similar to Registered Retirement Savings Plans (RRSP). Additionally,...

2022 Federal Budget Highlights

by 4 Corner Financial | Apr 8, 2022 | Blog, insurance, investment

Federal Budget 2022 – HighlightsOn April 7, 2022, the Federal Government released their 2022 budget. We have broken down the highlights of the financial measures in this budget into the following different sections:HousingAlternative minimum taxDental careSmall...

10 Essential Decisions for Business Owners

by 4 Corner Financial | Sep 1, 2021 | Blog, Business Owners, estate planning, financial advice, Financial Planning, group benefits, health benefits, insurance, investment, tax

10 Essential Decisions for Business OwnersBusiness owners are busy… they are busy running a successful business, wearing lots of hats and making a ton of decisions. We’ve put together a list of 10 essential decisions for every business owner to consider; from...

2021 Comparing TFSAs and RRSPs

by 4 Corner Financial | Jan 11, 2021 | 2021, Blog, Family, individuals, investment, retirees, RRSP, tax, Tax Free Savings Account

If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can both be effective options for you to achieve your savings goals more quickly. However, each plan does have distinct differences and advantages / disadvantages. We’ve...

Business Owners: 2020 Tax Planning Tips for the End of the Year

by 4 Corner Financial | Dec 11, 2020 | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate, estate planning, financial advice, Financial Planning, incorporated professionals, investment, Professional Corporations

It’s a great time to review your business finances now that we are nearing year-end. Your business may be affected by recent tax changes or new measures to help with financial losses due to COVID-19. Figuring out the tax ramifications of these new measures can...

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Understanding Registered Education Savings Plans (RESPs) in Canada September 1, 2023
Dive into the details of Registered Education Savings Plans (RESPs)! This guide covers how RESPs work, eligibility criteria, benefits, and government grants such as the Canada Education Savings Grant. Learn how to open an RESP and safeguard your child's educational future.
4 Corner Financial
Understanding Tax-Free Savings Accounts (TFSAs) August 1, 2023
A Tax-Free Savings Account is a powerful tool to help you achieve your financial goals. Whether you're saving for a new home, planning for retirement, or investing in your children's education, a TFSA can be a valuable part of your financial strategy. The flexibility and tax advantages it offers make it a great choice for […]
4 Corner Financial
Retirement Planning July 3, 2023
Most of us understand the benefits of sensible retirement planning but when it comes to actually creating your personal retirement strategy and putting it into effect it doesn’t feel quite as straightforward. The reality is that, while there are lots of variables to consider, it isn’t as difficult to create an effective plan for retirement […]
4 Corner Financial
First Home Savings Account (FHSA): What You Need to Know June 1, 2023
Are you looking to buy your first home in Canada? The First Home Savings Account (FHSA) could help make it happen. This savings plan allows first-time home buyers to save up to $40,000 tax-free, with contributions being tax-deductible. In this article and infographic, we cover everything you need to know about FHSA, including eligibility requirements, […]
4 Corner Financial
Don’t lose all your hard-earned money to taxes May 1, 2023
It’s essential to manage your tax planning properly – both while you are living and for after your death. You want as much of your money as possible to go to your beneficiaries, not the government. Our article contains three tips to help you do that: 1. Learn how to make the most of the […]
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