#003B49

 

 

Posts by:

Access Credit Union

How well protected are you from fraud?

According to the Canadian Anti-Fraud Centre, in 2023, 41,111 Canadians reported falling victim to fraud. From those reports, over $554 million was stolen. When you consider the number of unreported scams, the real number could potentially be over $1 billion.

Read More

Tax time is around the corner

Canada’s 2023 income tax filing deadline is April 30, 2024. While there is still time, it’s always best to be prepared and get all your pertinent documents together. This includes T4s, T5s, or any other income records, including self-employment income.

Read More

All about the tax-free First Home Savings Account (FHSA)

 

The Canadian government’s new First Home Savings Account (FHSA) came into effect on April 1, 2023. This new registered savings account allows prospective first-time home buyers to save for a down payment on a tax-free basis. FHSA contributions are tax-deductible (like an RRSP), and qualifying withdrawals to purchase a first home are non-taxable (like a TFSA).

Read More