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Latest Apex Insight Posts
How to Avoid Falling into the Superficial Loss Trap?
November 6, 2023
Key Points: The purpose of the superficial loss rules is to prevent taxpayers from immediately repurchasing the same…
RRSP 303: First-Time Homebuyer’s Toolbox: RRSP Home Buyers’ Plan (HBP)
October 24, 2023
The RRSP Home Buyers' Plan (HBP) allows first-time homebuyers to withdraw up to $35,000 from their RRSP for the purpose of buying a home.
What is the First Home Savings Account (FHSA)?
October 16, 2023
The First Home Savings Account (FHSA) is a tax-advantaged account introduced by the Canadian government to provide tax incentives for first-time homebuyers, combining the advantages of RRSP and TFSA to offer tax savings for homeownership.
Thank God, It’s Over!
January 1, 2021
If I had to use one word to describe 2020, it would be @#$@！But the good news is, "Thank God It's Over!" In 2020, I deeply felt the importance of health. Having good financial health is not enough to live your life to the fullest. Mental health and physical health are way more important than the financial health.
RRSP 202: How does Spousal RRSP Work?
February 29, 2020
Personal income tax in Canada is reported on an individual basis. Even for couples, they will need to file their file tax returns separately. So in Canada, there are not many tools that can be used for income splitting. The Spousal RRSP is one of the few tools that can "split" the incomes to lower their total tax liabilities.
RRSP 104: What Should I Invest in My RRSP account?
February 24, 2020
Because an RRSP is a registered account, all investments for this account must be limited to "Qualified Investments." If you put unqualified investments in it, you will receive a penalty from the government. Here is how to create a balance between the growth and the protection of your capital.