Budgets, Debt Management and Financial Planning for Women

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Previous Posts

  • Summer Birthdays
  • Making Friends With Your Banker
  • Summer Budget
  • Childcare Crunch! Is Your Budget Big Enough?
  • How to Get Rid of Your Mortgage ASAP :)
  • Will We Ever Live in Lotus Land Mortgage Free?
  • How Much Can I Afford to Pay to Live in Vancouver?
  • Buying a new Home? Don’t Forget About These Costs – The Final Number
  • Buying a New Home? How do I Know How Much I Can Spend?
  • Buying a New Home – What Can I Afford?
  • 2011 Income Taxes, How About 2012 Income Taxes?

    After Retirement Savings Plan (RSP) season there is a lull. RSP’s are in the news a lot early in the new year because of the deadline to invest to deduct against past years! Sixty days after January 1st to be precise.

    2011 Tax Time – You’ve probably started received most of your tax information in the mail? T4′s, T5′s, government information and so on. Don’t ignore it, the faster you get it done, the faster you will receive any return you are owed and April 30th is fast approaching.

    While you’re working with your 2011 information here are some ideas to set a good foundation for 2012.

    Get a jump on 2012:

    • Do your taxes using a software that will ‘remember’ 2011 data so it will be quicker in 2012
    • Label an envelope to gather 2012 tax receipts you receive throughout the year (donations, kids’ sports expenses, transit passes)
    • Set up a monthly RSP savings transfer – starting now!

    Comments

    Comment from Tatiana
    Time July 6, 2012 at 7:31 pm

    That’s how my parent’s tauhgt me to save. I remember saving half of my daily allowance and money gifts. Then I’ll use that money to buy whatever I want. And I am teaching the same with my children now.

    Write a comment








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