GTA Wealth Finanical News

Informative financial and tax related articles from GTA Wealth Management Inc.

Tax Free Savings Account (TFSA)

A TFSA (Tax Free Savings Account) is a great way for Canadians to help save money for their financial goals in life. Introduced in 2009 by the Canadian government, the TFSA allows Canadians to invest their money while exempting their investment earnings from taxation.

No Taper? No Problem

When the US Federal Reserve gave indications in the summer that it would begin scaling back on its $85 billion/month bond-buying program - known as quantitative easing (QE), financial markets were quick to react. Market watchers were confident that if the economic recovery in the US continued to show signs of improvement, the Fed’s tapering decision would be a certainty come Fall. In reaction, bond yields started rising: the 10 year Treasury bond rose 110 basis points from April until September.

Is Severance pay taxable? What is the tax rate on your severance package?

Is Severance pay taxable? Tax on your severance package in Canada will be information you will need to know to properly plan. What is the tax rate on your severance plan?

Understanding Investment Objectives

One of the basic principles of finance is the “risk-return trade-off”. This trade-off explains that the more risk we assume in our portfolios, the higher rate of return we should expect to earn.