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Changes in Work-from-Home Tax Claims You Need to Know As we move forward in the 2023 tax season, we at Bowie Financial are keen to bring to your attention the latest changes from the Canadian Revenue Agency (CRA) regarding work-from-home tax claims. These updates are critical to ensuring you can file your taxes accurately and...

Tom and Sara had three children, two boys and a girl. One of their sons died at the age of five. Nobody wants to imagine a child dying, but unfortunately it sometimes happens. They had to borrow money to pay for the funeral and other last expenses that arose. Now, whenever they make a loan payment, they are reminded of their loss. ...

GIC's & Segregated Funds both have "Maturity Dates/Guarantees".  When it comes to your investment these Maturity Guarantees mean totally different things which is confusing.  Let's clear this up. A GIC Maturity refers to the term length of the agreement between the financial institution and the investor's deposit. For Instance, If an investor purchases a Non-Redeemable...

In today’s economic environment it is important to understand your investment options and alternatives. When looking at investments you need to determine your goals and objectives as an investor. ...

What is a TFSA? A TFSA (Tax Free Savings Account) allows you to set money aside in eligible investments and watch those savings grow tax-free throughout your lifetime. Interest, dividends, and capital gains earned in a TFSA are tax-free for life.even when you withdraw them.  The “catch” is that there is a maximum amount you...