Kelly Ho, a certified financial planner at DLD Financial Group, says you should start by identifying your fixed costs such as rent, mortgage, utilities or car payments followed by figuring out how much you make. “Sometimes when I ask clients, ‘What is your income?’ Not...
Experts say you don’t have to rush the analysis during the peak holiday season. Instead, you can split the task into smaller chunks and prioritize based on deadlines. First, think about the major changes in your life this year, said Brian Quinlan, a chartered professional...
Gift-giving spending trends The holidays can be expensive. In addition to gifts, people spend on travel, food and drinks, special events, and yearly charitable donations. Still, gift-giving remains a priority for Canadians of all ages. Even with rising costs, gift spending is up 10% from last...
Having said that, this tax credit is not a big deal for most people, and in some cases, you will be better off not converting an RRSP or LIRA to a RRIF or LIF to qualify for the credit. In 2025, the maximum federal tax savings...
Hundreds of thousands of Canadians fly to and from the U.S. each month. Those who purchased cancellation insurance before the government shutdown was announced as a travel advisory should be eligible for compensation, said Marty Firestone, president of Toronto-based insurance firm Travel Secure Inc. “After...
The chart below compares total returns, which measure both price appreciation and reinvested dividends, across major Canadian and U.S. equity benchmarks since 2016. While the S&P 500 and S&P/TSX 60 have surged higher, Canadian real estate investment trusts (REITs) have badly lagged. The gap hasn’t narrowed...
The $176,960,190 eclipses the previous record—roughly $20 million—for a fine imposed by Fintrac. That penalty was given to Peken Global Ltd, the operator of another cryptocurrency firm, KuCoin, in September. “Given that numerous violations in this case were connected to trafficking in child sexual abuse material,...
Under the transaction, Northern Superior’s shareholders will receive 0.0991 of an Iamgold share and 19 cents in cash for each common share of Northern Superior. The offer implies a total value of $2.05 per Northern Superior share, based on the closing price of the Iamgold...
Prerna Mathews, vice-president of ETF product strategy at Mackenzie Investments, said covered call ETFs typically invest in dividend-paying equities and further enhance income by writing call options on those holdings. A call option provides the right to purchase a security at a set price. She...
The first can be regarded by retirees and those on the cusp of retirement as a must read: William Bengen’s A Richer Retirement, the long-awaited update of his classic book on the much-cited 4% Rule: Conserving Client Portfolios During Retirement. First published in 2006, that book was...
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