From the category archives:

taxes

Canadian Equivalent of the Roth IRA - The Tax-Free Savings Account, or TFSA

April 24, 2009 · 0 comments

in Canadian , TFSAs , savings , taxes

Lately I’ve been reading more about the Roth IRA on good posts like the ones over at Financial Nut or NoDebtPlan.  It has struck me — and I could be wrong, I’ll have to gather more details, maybe from you, dear readers, below — that Canada’s TFSA (tax-free savings account) is a rough equivalent to [...]

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How Should You Spend Your Tax Refund?

April 20, 2009 · 3 comments

in cashflow , networth , savings , spending , taxes

First things first; the tax refund is just that - it’s YOUR money being returned BACK to you.  It’s not new money. It’s money that ideally you wouldn’t have lent to the government in the first place. Talk to your employer’s accounting department (or whomever handles the tax reporting) about reducing the amount in taxes [...]

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