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Make sure to do these things before 31 Dec and save thousands of dollars in Canada 🇨🇦
1️⃣ Max out your RRSP contributions
Reduce your taxable income and save on taxes. Even a few thousand can make a big difference in your refund.
2️⃣ Top up your TFSA
Any investment gains inside TFSA are tax-free forever. Don’t waste unused contribution room this year.
3️⃣ Contribute to your FHSA (First Home Savings Account)
If you plan to buy a house someday, max this out early — it gives you tax benefits and grows tax-free.
4️⃣ Use your employer health benefits
Massage, therapy, dental, vision, HSA (Health Spending Account)— most plans reset on Jan 1st. Use them before you lose them.
5️⃣ Review your 2026 goals and budget
Take 30 minutes to track your spending and set saving goals for next year. You’ll start 2026 miles ahead.
#personalfinance #canadamoneytips #tfsa #rrsp #taxcredit #yearendgoals #moneytips #moneytalks #canadamoney #savingtips
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@shivanshsingla119
3 weeks ago
Make sure to do these things before 31 Dec and save thousands of dollars in Canada 🇨🇦
1️⃣ Max out your RRSP contributions
Reduce your taxable income and save on taxes. Even a few thousand can make a big difference in your refund.
2️⃣ Top up your TFSA
Any investment gains inside TFSA are tax-free forever. Don’t waste unused contribution room this year.
3️⃣ Contribute to your FHSA (First Home Savings Account)
If you plan to buy a house someday, max this out early — it gives you tax benefits and grows tax-free.
4️⃣ Use your employer health benefits
Massage, therapy, dental, vision, HSA (Health Spending Account)— most plans reset on Jan 1st. Use them before you lose them.
5️⃣ Review your 2026 goals and budget
Take 30 minutes to track your spending and set saving goals for next year. You’ll start 2026 miles ahead.
#personalfinance #canadamoneytips #tfsa #rrsp #taxcredit #yearendgoals #moneytips #moneytalks #canadamoney #savingtips
| 0