Monthly Archives: February 2015

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Family Tax Cut

By | 2016-11-25T02:24:53+00:00 February 25th, 2015|Tax Tips|

I just finished my first tax return for a family that is eligible for the Family Tax Cut that was announced in October 2014 and affects the 2014 tax year. What is the Family Tax Cut? The Cut only applies in certain situations: You and your eligible spouse or common-law partner lived in Canada at December [...]

Tax Numbers for 2015

By | 2015-02-25T16:34:51+00:00 February 25th, 2015|Tax Tips|

RRSP: The maximum RRSP contribution for 2015 is $24,930. Remember to look at your 2014 Notice of Assessment to see what your actual contribution room is. TFSA: he TFSA limit for 2015 is $5,500, for a total of $36,500 in room available for someone who has never contributed and has been eligible for the TFSA [...]