FrostFin Academy February 2024


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Welcome to the tax time 2024 edition of FrostFin Academy!

Things you need to know about:


Your 101 on how Canadians are taxed

The time to file your 2023 personal income tax return is just around the corner. Need a reminder about how Canadians are taxed… read on.

Individuals who reside in Canada are taxed on the worldwide income they receive in the calendar year.

There is a federal layer of tax and a provincial layer of tax. The tax rate you pay depends on the amount of taxable income you received in the calendar year and the tax brackets you fall into.

Find out more...

Why share your notice of assessment

It may have taken some time and effort, but you managed to complete your income tax return for another year.

While most of your work is done, you’re not quite finished yet.

After the Canada Revenue Agency (CRA) reviews your tax return, they will send you a Notice of Assessment (NOA). Go through it carefully and also think about sharing it with your Investment Advisor. 

Read the whole article

Why do we call it FrostFin?

The obvious reason is that is combines the Frost name and Fin (short for Financial). Also, a frostfin is an adorable little fish that resembles a goldfish. They are transparent (like our fees) and known for dwelling in the shallows to protect their eggs by keeping them safe in their mouth until they hatch (kind of like you watching over your nest egg).

The other reason is that it allows us to use lots of "fishy" analogies and "school" references-- just for fun!

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Frost Wealth Management®  | iA Private Wealth | 1-855-619-3684

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This information has been prepared by Greg Frost who is a Senior Wealth Advisor for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Frost Wealth Management Team can open accounts only in the provinces in which they are registered.

iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates. .

Insurance products and services are offered through Frost Wealth Management Inc., an independent and separate company from iA Private Wealth Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund.

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