Employees often receive other considerations such as benefits and health insurance, said Cindy Marques, a certified financial planner and co-founder of MakeCents. “That will result in dollars saved,” she said. “And essentially, dollars in your pocket when you think about not having to...
Exemptions from the departure tax Some assets, like pensions and assets held in registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs), are exempt from an exit tax. They can remain tax-deferred or tax-free, as the case may be. RRSPs and pensions...
Selling the former residence, including real estate commissions, penalties for paying off a mortgage, legal fees and advertising costs Keeping a vacant old residence (to a maximum of $5,000) while actively attempting to sell it, including mortgage interest, property taxes, insurance premiums, heat...
High rates punish dividend payers in two ways, the theory goes. They lure capital towards safer interest-bearing assets such as bonds and guaranteed investment certificates (GICs) that now boast competitive yields. And they raise financing costs for dividend-heavy sectors that do a...
To compare rate types and terms, click on the filters icon beside the down payment percentage. powered by Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in...
To compare rate types and terms, click on the filters icon beside the down payment percentage. powered by Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in...
However, he thinks Canadian investors have to expect some turnover, given the reversal in macroeconomic conditions that we’ve seen over the past two years. “We were living in a world with practically zero interest rates,” Raina says. Canadian investors had to take...
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But if you have some flexibility around where to live, there are cities and neighbourhoods in Canada where homes can be had for less than seven figures—lots of them, in fact. All but five of the 45 cities and regions analyzed by...
Whether or not a variable-rate mortgage is a good option for you depends largely on market fluctuations. Rates for this type of mortgage are typically lower than those of fixed-rate mortgages, which is a win as long as the prime rate doesn’t...
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