The Canadian cannabis market has grown significantly since the federal Cannabis Act came into effect on October 17, 2018, to legalize the cultivation, possession, acquisition and adult recreational consumption. Canada is the first G7 and G20 nation to do so. The distribution and monitoring of cannabis was left to the Provinces. There is a huge global market and Canada is well positioned to lead that market. Medicinal use of cannabis was legalized on July 30, 2001 and is regulated federally by Health Canada. Countries like Germany and Italy allow Canadian producers to supply their medicinal cannabis.  Cannabis is completely illegal…

Buying RRSPs can provide you with great tax savings in that they can be deducted to reduce your taxable income, and they can also be non-taxable when withdrawn if the amount is paid back in full over the time permitted for the repayment of the withdrawal. There are two types of RRSPs withdraw plans that this applies to: the Home Buyer’s Plan (HBP) and the Lifelong Learning Plan (LLP). First of all, it’s good to know that your deduction limit on your yearly contribution to RRSP is not affected by a withdrawal from your RRSP. For 2019, the contribution limit is…

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