by Davlyn Financial | Apr 10, 2023 | Blog, investment
The First Home Savings Account (FHSA) is a savings plan designed for first-time home buyers in Canada, which allows them to save up to $40,000 tax-free. Contributions to an FHSA are tax-deductible, similar to Registered Retirement Savings Plans (RRSP). Additionally,...
by Davlyn Financial | Apr 7, 2023 | 2023, Blog, business owners, dental benefits, Family, financial planning, individuals
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures: New transfer options associated with Bill C-208 for intergenerational transfer. New rules for employee ownership trusts. Changes to how the...
by Davlyn Financial | Apr 7, 2023 | Blog, business owners, individuals, Ontario Only, tax
Ontario 2023 Budget Highlights On March 23, 2023, Ontario’s Minister of Finance delivered the province’s 2023 budget. Here are some of the highlights. No Changes To Corporate or Personal Tax Rates Budget 2023 did not change Ontario’s corporate or personal tax rates....
by Davlyn Financial | Apr 7, 2023 | 2023, Blog, disability, tax
Tax Tips You Need To Know Before Filing Your 2022 Taxes This year’s tax deadline is May 1, 2023, as April 30 falls on a Sunday this year. It’s important to make sure you’re claiming all the credits and deductions you’re eligible for. In this article, we’ll provide you...
