2022 British Columbia Budget Highlights
On February 22, 2022, the B.C. Minister of Finance announced the 2022 budget. We have highlighted the most important financial measures you need to know, with an emphasis on:
• Supporting sustainable economic development
• Offering stronger healthcare
• Expanding child care options and lowering fees
• Supporting capital infrastructure
• Providing funding for affordable housing
• Promoting clean transportation
Budget 2022 includes no changes to personal or corporate tax rates.
TFSA versus RRSP – What you need to know to make the most of them in 2022
TFSAs and RRSPs can be significant savings vehicles. To help you understand their differences, we have put together this article to compare:
- TFSA versus RRSP - Differences in deposits
- TFSA versus RRSP - Differences in withdrawals
Understanding the differences between these two types of tax-advantaged accounts can help you better plan for future purchases and your eventual retirement.