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...
“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...
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. ...
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,...
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...
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...
Do airlines pay for hotels for flight delays in Canada? The Canadian Transportation Agency’s amendments to the Air Passenger Protection Regulations, announced Saturday, would require carriers to provide meals to passengers whose flights are delayed at least two hours, along with overnight accommodation if necessary. How long...
Among three respected crypto-positive experts—Cathie Wood (CEO of Ark Invest), Jurrien Timmer (director of global macro at Fidelity Investments) and Tom Lee (head of research at FundStrat)—the outlook on BTC remains bullish, with the expected corrections and crashes along the way, of course. Here’s what...
Questions to ask before you get a car loan in Canada If you’ve recently moved to Canada and you’re about to finance a vehicle, begin by answering these questions—with the help of an expert if necessary. 1. What are my financing options? These will include banks, credit unions,...
You’re buying a new $60,000 sedan, so you take out a loan in that amount at 4.99% for six years (72 months). This loan has monthly payments of $966 (72 in total). You borrowed $60,000, but the amount you’ll repay (72 payments of $966) is...