Holding assets jointly with kids Adding a child’s name to a non-registered investment account seems to be a common, albeit unnecessary, practice. Single seniors or widows often do this on their own or at the behest of their children. One of the benefits is that children can...
Take 2024, for example. Our A team of the 10 top Dividend All-Stars collectively posted an equal-weighted total return of 32.49% for the year to November 30, our cutoff date. That trounced the benchmark S&P/TSX Composite’s 26.75% return for the same period. Ironically, the best performer...
Here’s a quick refresher on RRSPs and TFSAs, including their contribution limits: Comparison pointsRRSPTFSAPurposeRetirement savingsAny savings goal, short-term or long-termAge requirementAny age up to 7118 and olderEarned income requirementYes, you must earn income to create contribution roomNoTax deduction for contributionsYes, and tax deductions can be carried...
An analysis published Tuesday examined four potential scenarios in which U.S. President Donald Trump slaps new taxes on goods imported from Canada, ranging from 10% to 20% and with possible carve-outs for key industries. Speaking with reporters on Monday evening, Trump said he’s thinking about hitting...
In your case, Gayle, you’re probably wondering about the federal tax credit for seniors, as well as a provincial tax credit specific to Saskatchewan. ...
“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT...
“This is not about weakening regulation … but rather about setting rules that are transparent, fair and holistic in their approach and based on rigorous data analysis, so that banks can play their critical role in the economy and markets.” Dimon, however, said that the state...
What is Blue Monday? Blue Monday was dreamed up 20 years ago by a British travel company for an advertising campaign. That’s right—it began as a marketing ploy. But over time, Blue Monday has evolved into a conversation starter at a time of year when many...
1. Make your cash work harder for you You work hard and save money, but is your bank account doing its part? Moving your cash deposits to a high-interest savings account (HISA) can help maximize your savings. With a HISA, you can earn more interest than...
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...
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