03 Jan The best American Express credit cards in Canada for 2025
American Express credit cards offer some of the highest earn rates and most rewarding travel perks for credit cards in Canada. Here, we break down...
Author: Study Direct Admin
03 Jan How to create a CRA account
Or, to get full access to your account sooner, you can use the CRA’s recently introduced document verification service by submitting a photo of yourself holding an accepted ID document. (You must be 16 or older to use this service.) Lastly, you can enroll in multi-factor...
02 Jan Making sense of the markets: Looking at 2025
You can read more about our top pipeline stocks at MillionDollarJourney.com and MoneySense’s best dividends feature. ...
02 Jan Changes to Canada’s tax brackets, CPP contributions and more in 2025
What is the basic personal amount for 2025 taxes? For the 2025 tax year, the basic personal amount—on which you do not pay federal income tax—ranges from $14,538 to $16,129, depending on your overall income. That’s up from 2024 figures, which range from $14,256 to $15,705. Those...
31 Dec How to save and invest smarter: What Canadians need to know
Many Canadians are turning to their savings accounts to manage growing financial pressures, choosing cash liquidity over investing in accounts like tax-free savings accounts (TFSAs), registered retirement savings plans (RRSPs) or first home savings accounts (FHSAs), says Pat Giles, vice-president, Saving and Investing Journey at...
31 Dec Everything But Money excerpt: How much money do you need to not be stressed out?
“If you’re already unhappy, money alone can’t fix you.” Nevertheless, what I thought was most interesting about this study was it found that if you surpass these thresholds, your life satisfaction and emotional well-being can actually start to decline. Once you hit your ceiling, you start...
30 Dec Can you move your investments from Canada to the U.S.?
However, the process may not be as simple as transferring securities between two Canadian financial institutions. It may take longer across the border, and there may or may not be a tax advantage. ...
27 Dec Making sense of the markets: Looking back on 2024
Tech stocks will underperform the TSX Composite In similar fashion to our Canada versus U.S.A. bet explained above, the TSX Composite did not beat tech stocks, if we define tech stocks as the Nasdaq 100 (the 100 largest stocks on the Nasdaq stock exchange). That said,...
27 Dec 10 financial buzzwords we kept hearing in 2024
1. Hush trip A “hush trip” means working remotely from a holiday destination without telling your employer you’re out of town. Also called a “hush-cation,” these clandestine trips allow workers to enjoy themselves somewhere nice without using up vacation days or risking a “no” from their...
23 Dec Can Canadian investors save tax when a stock’s company goes bankrupt?
If you transfer an investment into a register account, it bears mentioning this deemed disposition will not trigger a tax-deductible capital loss due to the superficial loss rules. When a stock goes bankrupt, Jake, you can claim a capital loss, even though you might not be...
