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2025 Ontario Tax Rates
2025 Ontario Tax Rates – Get the latest provincial and federal tax rates, including marginal rates, capital gains, and dividends. Stay informed and plan ahead!
TFSA vs RRSP 2025
When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. The main difference between the two is that TFSAs are ideal for short-term goals, such as saving for a down payment on a house or a vacation, as its growth is entirely tax-free, while RRSPs are more suitable for long-term goals such as retirement. When comparing deposit differences, TFSAs have a limit of $7,000 for the current year, while RRSPs have a limit of 18% of your pre-tax income from the previous year, with a maximum limit of $32,490. In terms of withdrawals, TFSAs have no conversion requirements and withdrawals are tax-free, while RRSPs must be converted to a Registered Retirement Income Fund (RRIF) at age 71 and withdrawals are taxed as income.
How Tariffs Affect Your Wallet: A Canadian Perspective on the US–Canada Trade War
The US–Canada trade war is hitting home, raising prices on everyday goods and shaking the economy. With tariffs on both sides, what does this mean for your wallet? Learn how trade policies impact your cost of living, investments, and financial future.
2025 Financial Calendar
Managing your finances effectively begins with staying informed about important dates and deadlines throughout the year. This comprehensive guide outlines key financial milestones, including tax deadlines, benefit payment schedules, and contribution opportunities, to help you stay organized and on track. Whether you’re planning for tax season, reviewing your investments, or ensuring timely payments, this calendar provides everything you need to navigate the year with confidence. Take a moment to familiarize yourself with these essential details and set yourself up for a smooth and successful 2025.
Monarch’s Little Helpers in Action!
Last week, the Monarch Team had the privilege of sponsoring two families, spreading holiday cheer and making the season brighter for those in need.
With wish lists in hand, our Monarch elves got to work, thoughtfully selecting and wrapping gifts to bring joy and smiles this holiday season.
A big thank you to the amazing team at The Children’s Foundation for making this initiative possible.
Wishing you all a magical holiday season from all of us at Monarch Wealth!
Welcome Joseph Wagner!
Please join us in extending a warm welcome to the newest member of our MWC Branch Manager Team, Joseph Wagner, CFP, CHS, EPC
Welcome aboard, Joe! We’re excited to have you on the team.
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