Savvy Accounting & Business Services Inc.

09/25/2026

Great explanation of current tax rules

📌 Get the Retiree's AI Research Guide — see how all 5 of these 2026...

08/26/2026

For 2026 to 2027, the federal government expects to distribute roughly $27.2 billion in equalization payments across seven provinces. Alberta, along with Saskatchewan and British Columbia, gets none of it, and hasn't received a cent since the 1960s.

That's not a complaint about the other provinces. It's a plain fact about a system that was built around Alberta's strength being treated as a reason to give it nothing back.

Accountability means a fair look at where the money goes, and why. Freedom means Alberta building its future on what it earns, not waiting on a formula it never benefits from.

08/26/2026

Great advice

3 years of making financial content, and my inbox has taught me something most guides get wrong.

A student messages asking if buy-now-pay-later actually hurts their credit.

A newcomer asks why their credit score reads as basically nothing.

A new parent asks what to do with their first paycheque.

A retiree asks what happens the year their RRSP forces their hand.

Different questions. Different ages. Same problem every time I went looking for somewhere to send them — every resource I found was built for ONE group.

So instead of sending different people to different half-fitting resources, I built the one thing I kept wishing existed.

The Canadian Guide to Money at Every Age — 14 chapters, covering every stage:

kids just learning what money is,
teens opening their first account,
students, newcomers starting from zero,
first-time buyers,
new employees figuring out their first paycheque,
investors, couples, single parents, and retirees.

One guide. Whatever stage you're in, there's a chapter written for exactly where you are.

👉 Link in bio or Comment "Learn" and I'll send the link to you.

08/26/2026

How to maximize your TFSA

08/26/2026

I created this Investing Guide for Canadians who want to start investing but don’t know where to begin.

In plain, jargon-free language, you’ll learn which accounts to open, where to invest, and how to grow your money tax-free — starting with as little as $50/month.

What’s inside:

✅ TFSA, FHSA, RRSP & RESP — what they are and when to use them
✅ Why ETFs can beat mutual funds on fees
✅ A list of top Canadian ETFs to explore
✅ Investment platforms beyond traditional banks
✅ A step-by-step plan to make your first investment

Whether you’re starting from zero or finally ready to take control of your money, this guide gives you a clear starting point.

11 chapters. Zero fluff. Just a simple roadmap to start investing.

Get the Investing Guide from the link in my Bio or Comment “Invest” and I’ll send the link.

08/26/2026

Could one bad year of withdrawals cost you thousands in extra tax? 🤔

Most retirees don't realize how easily a single decision can trigger a bigger tax bill — until it's too late to fix.

Here are 10 retirement tax mistakes that can get expensive in Canada 👇

1️⃣ Taking large RRSP/RRIF withdrawals without a tax plan
Can push you into a higher bracket and trigger other consequences.

2️⃣ Ignoring the OAS clawback
For 2026, the recovery threshold starts at $95,323 — go over it, and you repay some (or all) of your OAS.

3️⃣ Taking CPP and OAS without the bigger picture
Timing affects your taxable income and your whole retirement strategy.

4️⃣ Waiting too long to plan RRSP-to-RRIF withdrawals
Your RRSP must mature by the end of the year you turn 71. Planning earlier = more flexibility.

5️⃣ Ignoring pension income splitting
Eligible pension income can be split between spouses — potentially lowering your combined tax bill.

6️⃣ Keeping tax-inefficient investments in a non-registered account
Interest income creates an unnecessary annual tax drag.

7️⃣ Selling investments without considering capital gains
A large gain can spike your taxable income fast. Timing matters.

8️⃣ Using your RRSP when your TFSA may be smarter
RRSP withdrawals are taxable. TFSA withdrawals generally aren't.

9️⃣ Forgetting provincial tax differences
Where you live can significantly change your total tax bill.

🔟 Failing to coordinate it all together
RRSP/RRIF, CPP, OAS, pensions, capital gains, TFSA — none of these should be planned in isolation.

✅ WHAT TO DO INSTEAD

Before year-end, project your:
RRSP/RRIF income + CPP/OAS + pension income + capital gains + OAS clawback

Then decide which accounts to draw from, how much, and when.

The goal isn't to pay the least tax this year.
It's to reduce your total lifetime tax bill. 💰

📌 Save this for year-end planning
💬 Which one surprised you most?