This form is typically used for foreign bank accounts, foreign investment accounts or foreign rental properties, but it can include other foreign assets. Foreign investments, including U.S. stocks, must be reported even if they are held in Canadian investment accounts. Foreign personal-use...
Amazon earnings highlights Share prices were up 5% in after-hours trading on Thursday after the strong earnings beat. Amazon (AMZN/NASDAQ): Earnings per share of $1.43 (versus $0.14 predicted) and revenues of $134.4 billion (versus $131.5 billion predicted). Amazon Web Services (AWS) remains the golden goose,...
“Depending what sector, what area you’re in, you’re going to have a favourite.” While Trump may be pro-business and focused on cutting red tape and taxes — and markets had a good run during his last presidency — Harris presents less of a...
What if your manager rejects your salary negotiation attempt? If you’re underpaid compared to industry standards and your employer rejects your pay increase request, you shouldn’t be afraid to find another job, says Hicke. “If you’re not getting paid what you need to...
Who are your money heroes? The perk of being a finance journalist is having access to different people—whether it’s an economist, a financial planner or other Canadians—who share what they’ve learned from their own lives and areas of expertise. And as a service...
What is slowing Canada’s economy down? What’s growing? The manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade and transportation and warehousing. The Stats Can report noted shutdowns at Canada’s two largest railways contributed to a decline...
Image courtesy of Wiley Recently, Michael helped to update the Canadian version of Personal Finance for Dummies (7th edition), a comprehensive guide to everything from budgeting and spending to taxes and retirement. Below, he shares his own money experiences and what he thinks...
While younger investors tend to be more optimistic about and willing to invest in crypto, according to the Chartered Financial Analyst (CFA) Institute, their family members may have concerns about it—especially given the fall of a few major crypto firms, including FTX—last...
What happens at the end of a car lease There can be unpleasant surprises at the end of a leasing term, Wallcraft added. The vehicle will be examined carefully for any damage, and if you exceeded the mileage outlined in the contract, you’ll...
I went for a five-year fixed, 25-year amortization rate of 5.89% (the lowest rate at the time). The Bank of Canada has cut rates four times since then, and if I had waited a few more months or gone for a variable-rate mortgage, my payments...
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