647-825-4243 Tax.Nehal@gmail.com
Infographic explaining that Super Visa holders in Canada cannot work without a work permit and may need to file taxes if they have lived in Canada for over 183 days and have strong residential ties.

Can a Super Visa Holder Earn Income in Canada?

8 October 2025 Gaurishanker Puniani Puniani
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Finance, Individual

Are you a Super Visa holder wondering about your ability to earn income while enjoying your stay in Canada? The Super Visa program offers a unique opportunity for parents and grandparents of Canadian citizens and permanent residents to visit for extended periods. However, many are curious about the rules surrounding employment and income generation during their stay. In this article, we’ll explore the ins and outs of working as a Super Visa holder, including the legalities, potential job opportunities, and tips for navigating the Canadian job market. Discover how you can make the most of your time in this beautiful country!

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Withdrawals, Transfers, and Penalties: How and When You Can Access RRSP, LIRA, DCPP, LIF, RRIF, and Other Canadian Retirement Plans

Withdrawals, Transfers, and Penalties: How and When You Can Access RRSP, LIRA, DCPP, LIF, RRIF, and Other Canadian Retirement Plans

30 July 2025 Gaurishanker Puniani Puniani
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Finance, Individual

Are you wondering how and when you can access your Canadian retirement savings? Whether you have an RRSP, LIRA, or RRIF, understanding the rules around withdrawals is crucial. From tax implications to special programs like the Home Buyers’ Plan and Lifelong Learning Plan, this guide breaks down everything you need to know. Discover the flexibility of your plan type, the impact of your age or residency, and the potential penalties for early withdrawals. Don’t let confusion hold you back—learn how to navigate your retirement funds effectively and avoid costly mistakes!

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A digital infographic titled "Registered Savings Plans in Canada" shows five colorful blocks labeled RRSP, LIRA, DCPP, DPSP, and EPSP, each with a short description of the plan type below. A smiling person in a blazer is seated on the right, holding a paper with a dollar sign, symbolizing financial planning. The background is beige with a clean, professional layout

Understanding Canada’s Retirement and Savings Plans: RRSP, LIRA, DCPP, DPSP, and EPSP

29 July 2025 Gaurishanker Puniani Puniani
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Finance, Individual

Planning for your financial future in Canada can feel overwhelming with the variety of registered savings plans available. From the Registered Retirement Savings Plan (RRSP) to the Locked-In Retirement Account (LIRA), each option offers unique benefits and tax advantages. Whether you're saving for retirement, changing jobs, or navigating profit-sharing benefits, understanding these plans is crucial. Discover how they work together and which one might be right for you. Dive into our comprehensive guide to unlock the secrets of RRSP, LIRA, DCPP, DPSP, and EPSP, and take the first step toward a secure financial future!

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Canadian estate planning infographic showing how to name beneficiaries or successors for RRSP, TFSA, RRIF, RESP, life insurance, and other accounts

How to Name Successors or Beneficiaries on Various Accounts in Canada

28 July 2025 TAX4 LESS.CA
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Finance, Individual

Navigating the complexities of naming successors or beneficiaries on your accounts in Canada can be a daunting task. Whether you're planning for the future or ensuring your loved ones are taken care of, understanding the nuances of this process is crucial. From bank accounts to investment portfolios, each type of account has its own rules and implications. In this guide, we’ll break down the essential steps and considerations to help you make informed decisions. Discover how to protect your assets and provide peace of mind for yourself and your family. Read on to learn more!

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Infographic explaining Personal Services Business (PSB) in Canada, showing a professional in business attire alongside icons representing government taxation, a checklist, a pie chart, and financial planning elements. The design highlights PSB rules, tax rates, and business structure considerations.

What Is a Personal Services Business in Canada? Tax Rates, Rules & Strategies

21 July 2025 TAX4 LESS.CA
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Finance, Individual

Are you curious about how personal services businesses operate in Canada? Understanding the intricacies of tax rates, rules, and strategies can significantly impact your financial success. Whether you're a freelancer, consultant, or contractor, navigating the landscape of personal services can be challenging yet rewarding. Discover the essential guidelines that govern these businesses, learn how to optimize your tax situation, and explore effective strategies to enhance your profitability. Join us as we delve into the world of personal services businesses in Canada and equip yourself with the knowledge to thrive in this dynamic environment!

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Infographic titled 'RRSP Withdrawal Strategies' showing four illustrated icons with labels: a calculator for 'Low-Income Years,' a bar graph for 'Offsetting Capital Gains,' a house with a dollar sign for 'Home Buyers' Plan,' and a graduation cap for 'Lifelong Learning Plan.' The design uses bold text and a blue, orange, and green color scheme.

RRSP Withdrawals: Smart Strategies to Minimize Taxes and Maximize Gains

15 July 2025 TAX4 LESS.CA
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Finance, Individual

Registered Retirement Savings Plans (RRSPs) are one of the most powerful tax tools available to Canadians. But most people only...

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Financial documents, calculator, and keys on a wooden table with a hand pointing to a paper labeled 'Loss Carry Back,' representing corporate tax refund strategy and CRA compliance.

How Loss Carry-Back Can Save Your Corporation Thousands: A CRA Strategy You Shouldn’t Ignore

14 July 2025 TAX4 LESS.CA
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Business Tax-Individual, Finance, Incorporation, Individual

Are you aware that your corporation could potentially save thousands of dollars in taxes? The Loss Carry-Back strategy, endorsed by the Canada Revenue Agency (CRA), is a powerful tool that allows businesses to offset current profits with previous losses. This means you can reclaim taxes paid in prior years, providing a much-needed financial boost. In this article, we’ll explore how this strategy works, the eligibility criteria, and the steps you need to take to maximize your savings. Don’t let this opportunity slip away—discover how to leverage Loss Carry-Back to enhance your corporation’s financial health today!

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Engaged couple holding hands while reviewing financial documents, calculator, and house keys on a table, symbolizing pre-marriage financial planning.

Pre-Nup Financial Talks: What Couples Must Discuss Before Saying “I Do”

13 July 2025 TAX4 LESS.CA
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Finance, Individual

Engaged couples discussing their financial future—covering student loans, taxes, mortgages, and the importance of involving a professional accountant before marriage.

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Leaving Canada? Here's What to Do with Your FHSA, TFSA, RRSP, and RESP Accounts

Leaving Canada? Here’s What to Do with Your FHSA, TFSA, RRSP, and RESP Accounts

7 July 2025 TAX4 LESS.CA
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Individual

Thinking of leaving Canada permanently? Don’t overlook your registered accounts. From FHSA and TFSA to RRSP and RESP, non-residency can trigger major tax changes, penalties, and missed opportunities. This expert guide breaks down what to keep, what to close, and how to avoid costly mistakes — plus how Tax4Less.ca Inc. can help you stay compliant every step of the way.

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