Insurance and planning guides for BC and Alberta
These guides cover the tax side of planning for families and business owners in British Columbia and Alberta: RRSP or TFSA, borrowing to contribute, capital gains and year-end planning. Finvo itself does not sell insurance, investments or loans. If you need insurance advice, we can connect you with a licensed agent from our partner network; the agent advises on products and coverage, and we cover the tax side.
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Planning guides
Life insurance in Canada: term, permanent and the tax side
Term or permanent, whole or universal, beneficiaries, and how death benefits and premiums are taxed.
Read the guide Insurance and planningDisability insurance: protecting your income
Short and long-term disability, own or any occupation, group or individual cover, and when benefits are taxable.
Read the guide Insurance and planningThe Canadian protection gap: what a crisis would really cost
CPP, EI and workers' compensation as safety nets, the gaps families and owners often have, and a needs checklist.
Read the guide Insurance and planningGroup benefits for small employers: plans, payroll and tax
Insured plans, health spending accounts, flex plans and EAPs, and which benefits go on the T4.
Read the guide Insurance and planningCorporate-owned life insurance: how the tax rules work
How a corporate policy works, the CDA credit on death, premium deductibility and the costs and risks.
Read the guide Insurance and planningEstate planning essentials for business owners in BC and Alberta
Deemed disposition at death, estate freezes, buy-sell agreements, probate fees and the documents to have.
Read the guide Insurance and planningNine TFSA mistakes, and how to avoid them in 2026
Room and over-contributions, withdrawals, cash-only accounts, US dividends, trading and naming a successor.
Read the guide Insurance and planningLeaving your job? What to do with your group RRSP
Direct transfer or cash withdrawal, withholding rates, locked-in pension money and the forms.
Read the guide Personal taxRRSP vs TFSA in 2026: which comes first?
How the two accounts differ on tax, withdrawals and contribution room, and how to think about which comes first.
Read the guide Personal taxRRSP loans: a worked example for a $135,000 BC salary
A labelled example of borrowing to contribute, with the refund, interest and risks laid out side by side.
Read the guide Personal taxCapital gains tax in Canada: 2026 guide
How gains on shares, property and other assets are taxed, the principal residence rules and how losses work.
Read the guide Business taxYear-end tax planning checklist for business owners
What to review before your year-end: how you pay yourself, purchases, instalments and records.
Read the guideSource standard. Each guide lists the official CRA, Government of BC, Government of Alberta, municipal or regulator pages it was checked against, with the date checked. Topic summaries are general information only.
Planning and insurance help
Insurance questions? A licensed agent from our partner network
Plain-language notes on cover types and how they fit with tax.
See the page CalculatorInsurance needs calculator
A general estimate of the life insurance a family might need, less the cover and savings already in place.
Use the calculator Tax-side financial planningPlan your family's money, on the tax side
RRSP or TFSA, FHSA, RESP, paying yourself from a corporation and retirement basics.
See the service ServiceRisk management for small businesses
Internal controls, fraud risk basics, CRA audit readiness and continuity plans.
See the serviceFinvo itself does not sell insurance, investments or loans. Insurance and other specialists are joining Finvo as contractors, so a group of consultants can work on your file together; a licensed agent from our partner network advises on products and coverage, and we cover the tax side.
Key RRSP numbers for 2026
| Item | What it is |
|---|---|
| 2026 RRSP dollar limit | $33,810, or 18% of your 2025 earned income if that is less, plus any unused room |
| 2027 RRSP dollar limit | $35,390, based on 2026 earned income |
| Deadline for 2026 deductions | 1 Mar 2027 |
Sources, checked 28 Oct 2026: CRA, RRSP and TFSA limits; CRA, Important dates for RRSPs. Details are listed under the questions below.
Insurance and planning, answered
Does Finvo sell insurance or investments?
No. Finvo itself does not sell insurance, investments or loans. If you need insurance advice, we can connect you with a licensed agent from our partner network, who advises on products and coverage; we cover the tax side and only pass your details on with your permission.
What is the RRSP deadline for the 2026 tax year?
Contributions made by 1 March 2027 can be deducted on your 2026 return. The 2026 dollar limit is $33,810, and your own limit, including unused room, is on your notice of assessment.
RRSP or TFSA: which comes first?
It depends on your income now, what you expect in retirement and whether you'll need the money sooner. RRSP contributions are deducted now and taxed when withdrawn; TFSA contributions aren't deducted, but growth and withdrawals are tax-free. Our RRSP or TFSA guide compares them.
Is borrowing to contribute to an RRSP a good idea?
Sometimes, if the refund pays down the loan and you can carry the payments. Interest on an RRSP loan isn't tax-deductible, and investments can fall in value. A licensed advisor explains the products; our RRSP loan guide shows a labelled example.
How does insurance fit with tax planning?
Cover such as life or disability insurance can matter for families and business owners, and some policies have tax effects. We explain the tax side in plain language; the licensed agent explains the products, cost and suitability.
What does Finvo's planning help cover?
Tax-side planning for clients we already do taxes for: RRSP or TFSA, FHSA, RESP, paying yourself from a corporation and retirement basics. It's general guidance from your tax figures, not investment advice. The financial planning page has the details.
Sources, checked 28 Oct 2026. Rules have exceptions and can change. This page is general information, not tax advice for your situation.
- CRA, MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE (canada.ca, modified 1 Dec 2025): RRSP dollar limits of $33,810 for 2026 and $35,390 for 2027.
- CRA, Important dates for RRSPs, HBP, LLP, FHSAs and more (canada.ca, modified 29 Jan 2026): the RRSP contribution deadline for a tax year.
Planning around your tax return?
Book a free 15-minute call by video or phone. Tell us what you're weighing up, such as RRSP or TFSA, a sale or your year-end, and we'll tell you what we'd look at on the tax side and what we'd do next.
Which office?
Book a free 15-minute call15-minute calls every weekday at 10 am and 2 pm Pacific (11 am and 3 pm Mountain), except holidays.
Typical next slots, confirmed when you book:
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