The seven money myths that stand in the way of a good financial plan

A hand holding a compass

[By Jennifer Cook, for Financial Independence Hub] As Canadians face year-end decisions on investments, taxes, and RRSPs, we at Co-operators have identified common gaps in financial preparedness stemming from the spread of money myths. There are many myths that can derail planning, but I’d like to talk about the top seven and offer a remedy in … Read more

Why you can’t always rely on T-slips

[By Jamie Golombek, Advisor’s Edge] Most people rely blindly on their tax slips to properly report their income. But if the information contained on the tax slip is wrong or incomplete, is the taxpayer still liable for the taxes owing and any arrears interest or penalty? That was the issue before the Tax Court in … Read more

Tax planning for CERB

[The Canadian Press] Many Canadians are just trying to get through the week, never mind the year, when it comes to their finances. But accountants say it’s already time to start taking stock of government support and wages received since the Covid-19 pandemic struck.