Tax season comes around every year, yet it still catches many people off guard. A recent survey found that less than one-third of Canadians feel confident about when to contribute to a Registered Retirement Savings Plan (RRSP) versus a Tax-Free Savings Account (TFSA). If you’re unsure about the best way to save and invest, now is the perfect time to take action.
Get Expert Financial Advice
“With today’s economic challenges, getting trusted financial advice is more important than ever,” says Pat Giles, vice president of saving and investing at TD. “The right support can make a big difference in achieving short- and long-term financial goals.”
Speaking with a personal banker or financial advisor can help you understand your savings options and their tax benefits. A financial expert can create a plan tailored to your goals and guide you on making smart investments.
Start Small and Build Smart
Many Canadians worry they aren’t saving enough for their future. But the good news is, you don’t need a large sum to start investing. The key is to build a habit of saving regularly. No amount is too small to begin.
Stay Ahead This Tax Season
Being proactive with your finances ensures you’re prepared when tax season arrives. A well-structured plan can help you maximize tax savings and secure your financial future. If you need guidance, consider speaking with a financial professional who can help you make informed decisions.
Want to learn more about financial planning? Visit a trusted advisor or check out resources at td.com.
(Source: www.newscanada.com)
WHAT’S YOUR HOME WORTH?
Find out what your home may sell for in today’s market.
Are you thinking of selling your home or interested in learning what a neighbor’s house is selling for?
We can help you see what it’s worth.
