Budgets, Debt Management and Financial Planning for Women

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Previous Posts

  • Buying a New Home – What Can I Afford?
  • Reduce Your Debt!
  • Spring Clean Your Debt!
  • Spring Clean Your Finances – Match the Budget to the Plan!
  • Spring Clean Your Finances!
  • Why Doesn’t My Budget Work? Is it Broken?
  • Retirement Planning in 1, 2, 3 and 4!
  • Do I Really Need a Retirement Plan?
  • RSP’s – What they can do for you!
  • Take Control of Your Money in 2014! Part 6 – Staying on Track
  • 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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