The Chinese zodiac has 12 animals, which take turns exerting influence over each year, always in the same order. The snake holds sixth place in the cycle—the others, in order, are the rat, ox, tiger, rabbit, dragon, horse, sheep, money, rooster, dog and pig. (In...
The CCTS report highlighted a “troubling increase” in problems with service cancellation and switching service providers. Reports of being unable to cancel a service appeared in complaints 47% more often than the previous year, concerns about termination fees increased 35%, and complaints about being unable to...
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. As a result, the SEC alleges, Musk was able to underpay “by...
Ask MoneySense Is it a good idea to pay off my mortgage with my RRSP money and then put what my mortgage payment was back into the RRSP once I’ve paid it off? What are the pros and cons of this strategy to being mortgage free? –Mike Pay...
Should you accelerate your mortgage payments or invest? Making the right choice boils down to prioritizing and projecting. But here’s the thing: mortgage debt repayment is investing. Your return comes from interest savings that accrue by paying down the principal portion of your debt. Sometimes, Canadians choose...
“Despite interest rates decreasing, people are still concerned,” said Grant Bazian, president of insolvency firm MNP. The survey, conducted by Ipsos, found fewer Canadians expect their debt situation to improve in the coming year while a growing number believe it will worsen. More than half say...
Crypto ETFs hold actual crypto, so they’re a more direct way to gain exposure to crypto compared to shares in a public company engaged in crypto activities. Crypto ETFs are eligible for tax-advantaged accounts like the tax-free savings account (TFSA), registered retirement savings plan (RRSP) and...
GICs versus stocks in a non-registered account If you buy guaranteed investment certificates (GICs), Joe, you will avoid capital gains tax on your death. But you may pay more overall tax. GICs don’t grow in value the way a stock can appreciate over time, so there’s...
Withdrawing money from a TFSA in retirement With a TFSA, though, you can withdraw money and put it back in the next year. You cannot do that with a RRIF. Once you withdraw money from it, you can’t put it back in. If you think you will...
Increasing the company’s footprint has a “halo effect,” Wong said. “When we open a new store and a new market … all of the buzz around the flagship openings and the marketing around that does drive traffic to the e-commerce site,” she said. Sales sluggish in Canada—with...
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