The pre-pandemic norm of working five days in the office is coming back for many Canadians, except it’s not exactly the same this time around. The cost of just about everything, from food to gas, has risen significantly from five years ago. But for many...
This uncertainty collides with harsh financial realities across every aspect of life. Families are already juggling mortgage payments, childcare costs, and rising living expenses in an increasingly expensive world. Add to this that the Canadian Scholarship Trust estimates a four-year university degree could cost as...
Governor Tiff Macklem said the risks have shifted since the bank’s last interest rate decision in July. Cracks in the labour market and a sharp drop in exports are threatening growth, he said, while earlier signs of underlying inflation pressure are fading. “With a weaker...
Taxation in Canada When you are working, your employer calculates the payroll deductions to come off your paycheque based on Canada Revenue Agency (CRA) payroll tables. If you have no other sources of income, nor any tax deductions or tax credits, you should probably have no...
If you are self-employed, the onus for insurance coverage is squarely on you. If you are considering self-employment or are already self-employed, consider whether the following types of insurance apply to you. Life insurance If you have a spouse and/or children who rely on your income, you...
The Desjardins Economics report, released Thursday, comes as Conservative Leader Pierre Poilievre cites decades-high youth unemployment levels to attack an immigration program for temporary foreign workers. Statistics Canada’s latest labour force survey shows the unemployment rate for young people aged 15 to 24 hit 14.6%...
“The most important thing to understand about co-signers is that if there are four people on the mortgage, each of them is not responsible for 25%; each one of them is responsible for 100%,” said Ron Butler, principal broker at Butler Mortgage. Co-signing a mortgage can...
According to a 2025 TD survey, 92% of newcomers understood the importance of building credit before arriving in Canada. Yet 82% of those who applied for credit faced immediate barriers. For many, these challenges go beyond inconvenience. They directly affect immigrants’ ability to secure housing,...
The Canadian Transportation Agency said its backlog of air travel complaints stood at about 85,000 as of Aug. 14, two days before the strike started. The agency had received nearly 13,500 complaints this year as of that date, which would not yet have included complaints related...
As the RESP’s subscriber (the person who opened and contributed to the account), you may have questions about how to withdraw RESP funds and what the beneficiary (the student) can use them for. Most of the RESP commentary talks only notionally about the withdrawal process....
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