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Latest News

TFSA versus RRSP – What you need to know to make the most of them in 2023

When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. The main difference between the two is that TFSAs are ideal for short-term goals, such as saving for a down payment on a house or a vacation, as its growth is entirely tax-free, while RRSPs are more suitable for long-term goals such as retirement. When comparing deposit differences, TFSAs have a limit of $6,500 for the current year, while RRSPs have a limit of 18% of your pre-tax income from the previous year, with a maximum limit of $30,780. In terms of withdrawals, TFSAs have no conversion requirements and withdrawals are tax-free, while RRSPs must be converted to a Registered Retirement Income Fund (RRIF) at age 71 and withdrawals are taxed as income.

2023 Financial Calendar

Welcome to our 2023 financial calendar! This calendar is designed to help you keep track of important financial dates and deadlines, such as tax filing and government benefit distribution. You can bookmark this page for easy reference or add these dates to your personal calendar to ensure you don't miss any important financial obligations.

2022 Year End Tax Tips and Strategies for Business Owners

The end of 2022 is quickly approaching – which means for business owners, it's time to review tax tips and strategies to maximize your benefits.

Client Appreciation

“When my husband passed away she helped me get my finances in order”

Skye Planning, specifically Tracy Duff, has been our financial planner for years now.  She helped my husband and I when we were experiencing financial difficulties, and when my husband passed away she helped me get my finances in order so my kids and I could live comfortably without any financial stress.  She is always available when I need her, I wouldn’t go to anyone else.

“Do yourself a favor” 

I’ve entrusted Tracy and Skye Planning Group with my plans and financial goals for a few years now. She has been straight forward and honest right from the start. I can honestly say, I’ve never been disappointed with the results. The Skye Planning Group is friendly and welcoming.  Do yourself a favor…

“Solutions based on your needs & financial goals”

Tracy gives everyone she works with an honest financial evaluation.  No matter what your financial situation is she will have solutions based on your needs and financial goals.  I recommend Tracy to my family and friends knowing they are in good hands.

“Make complicated products/processes simple & transparent”

Tracy is a very knowledgeable financial planner who can make complicated products/processes simple and transparent. Her warm and patient disposition make our visits all the better. She has a dedicated staff who are always available to deliver prompt, effective service.

“We have full faith & confidence”

We have worked with Tracy for many years. We have always trusted her with our financial planning. With her expertise and advice, we have always done very well and continue to do so. We have full faith and confidence in her and her abilities as our financial planner.

On top of her game & works tirelessly on behalf of her clients”

We started dealing with Tracy after hearing many glowing reports about her from my parents. Tracy is passionate about her career as a financial advisor. She is always on top of her game and works tirelessly on behalf of her clients. Tracy takes the time to thoroughly explain our portfolio in terms that even I can understand. She is as excited as we are about our results and we trust her implicitly. Tracy is a consummate professional who is always kind, sincere and it she is an absolute pleasure to work with.

“She has become an important person in our lives”

As a couple with two young children we felt that even though we had steady incomes we were just not getting ahead financially. We needed guidance from someone with specific skills in the areas of financial planning and investing. Tracy immediately made us feel at ease. She explained our options in easy to understand language and put together a financial plan that fit our budget and addressed our short and long-term goals. We have been working with Tracy for several years and have seen our money and confidence grow. We love that she is passionate about supporting our long term financial goals but she also focuses on the importance of enjoying our money. She has become an important person in our lives. We respect, trust and admire Tracy.