27 Sep The best balance transfer credit cards in Canada for 2024
If you carry a balance on a regular credit card, chances are you’re paying around 20% in interest. At that rate, it can become difficult...
Author: Study Direct Admin
27 Sep Making sense of the markets this week: September 29, 2024
The Chinese government commands the economy to grow Many people like to sort countries’ economies as either communist, socialist, capitalist or free markets. But these days, every country has some version of a mixed economy. The practical implementation of fiscal and monetary policy...
27 Sep The tax implications of buying a second home in Canada
Primary residences vs. secondary properties The tax treatment of real estate in Canada depends on its use. The home you live in—your primary residence—is normally exempt from capital gains tax upon sale due to the primary residence exemption. This exemption can even be used...
27 Sep Can challengers like EQ Bank and Wealthsimple take on the big banks?
The bank’s efforts have led to its assets roughly doubling in the last five years to some $54 billion. Some small banks are doing better than others The jumps in size at Wealthsimple and EQ are in contrast to some others smaller players like...
27 Sep Deloitte Canada predicts more economic growth, benchmark rate below 3% in 2025
In the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year and a neutral rate of 2.75% by mid next year. Meanwhile, it expects the economy to grow moderately...
26 Sep What new rules in B.C. mean for gig worker rights in Canada
Regulations that came into effect on Sept. 3 introduced protections for gig workers in the province, including: a minimum wage, mileage compensation, upfront fare transparency, and rules for account deactivation and dispute resolution. The regulations also give workers access to workers’ compensation...
26 Sep Deloitte Canada predicts more economic growth, benchmark rate below 3% in 2025
In the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year and a neutral rate of 2.75% by mid next year. Meanwhile, it expects the economy to grow moderately...
26 Sep What is RetireMint? The Canadian online platform shows retirement planning isn’t just about finances
What is RetireMint? But now that I have your attention, let me add that RetireMint (with a capital M, followed by a lower-case letter i rather than an e) is a Canadian retirement platform. And it just might affect how you plan for both the...
26 Sep Why are mortgages so expensive in Canada?
Vancouver: Well below seasonal Vancouver, the most expensive housing market in Canada, has seen home prices slip over the summer months, as sales remain subdued compared to last year. According to Greater Vancouver Realtors, transactions were down 17.1% compared to last year, roughly...
26 Sep School tax: What can you claim as a deduction on your annual income tax?
The tuition tax credit Claim the tuition credit to receive a non-refundable credit worth 15% of your tuition claim on the federal portion of your taxes. Provincial tax returns each have their own rules surrounding this claim for a combined benefit that’s bigger,...
