Eden Turns 7
  
Wow it's hard to believe that our baby boy is 7 already. Not sure why time is always in such a hurry. Now I feel a pinch or two in my back each time I try to him up lol. Very soon, the "pick him up and throw in the air" stage will be over. Boy, I miss having baby-sized daughters.
Eden and his friends had a rendezvous at Go Bananas. Being the ever generous and grateful lad that he is, he shared his game credits with them, and was very thankful to us for ensuring they all had a blast together. It was likewise a blast for me as I got to discuss business with a number of his friends' parents haha.
GST Rebate for First-Time Homebuyers Comes Into Effect
By Lawyer Tony Spagnolo from Spagnolo LLP
Great news - the GST Rebate for First-Time Homebuyers has finally come into effect!!
Announced last spring by the federal government, the bill received Royal Assent last week and eliminates “the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST for first-time home buyers on new homes between $1 million and $1.5 million.” The Canada Revenue Agency will now be able to start processing rebate claims.
Please note that the rebate will generally apply to agreements of purchase and sale entered into on or after March 20, 2025, and before 2031.
If you were a first time home buyer and purchased a new home under $1,500,000 between March 20, 2025 and today, contact your lawyer to apply for the rebate.
Read more about the GST rebate
Why RRSPs and TFSAs Shouldn't be Chosen in Isolation
Canadians often frame the question like this:
Should I invest in an RRSP or a TFSA?
That framing is too narrow.
Choosing between a Registered Retirement Savings Plan and a Tax-Free Savings Account without considering your tax bracket today, your likely income tomorrow, and when you plan to withdraw funds can quietly cost you money over time.
These accounts do not compete. They coordinate.
Read More and RSP and TFSA
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