Unlock Hidden Tax Savings for Your Rental Income: The Power of Cash Damming!
Are you a rental property owner feeling the pinch of taxes on your rental income? Or perhaps an unincorporated business owner seeking vital tax advantages? Discover a strategic tax strategy to drastically cut your tax bill and even accelerate paying off personal debts, like your home mortgage! This powerful financial maneuver is the “Cash Damming […]
RRSPs vs. Unregistered: The Tax Trap You Might Miss
The RRSP is one of Canada’s most popular retirement tools — and for good reason. Contributions reduce your taxable income today, and growth inside the plan is tax-deferred until you withdraw. But many Canadians are surprised to learn that if not handled properly, RRSPs can actually lead to higher lifetime taxes than investing in a […]