For most low- and middle-income families, “getting any amount of discount is always a benefit,” said Jessica Morgan, founder of financial literacy site Canadian Budget. But to take advantage of the tax break, “it really depends on what the purchase is for and...
More than 55,000 CUPW members have been on strike since Nov. 15. Demands include increased wages, better benefits, improved job security and more. Since the start of the strike, Canada Post hasn’t processed or delivered any mail or parcels, causing ongoing disruptions...
Allow us to make things simple with this two-question quiz: Are you saving for a big financial goal in the next few months? Do you want to grow that money while you save up? If you answered “yes” to these questions, an EQ Bank Notice...
Dollarama’s big announcement was that it’s planning to build a new distribution centre in Calgary over the next few years in order to fuel its Western-Canadian growth. With shares now priced at an expensive price-to-earnings (P/E) ratio of over 35x, this retailer...
Still, others note that the new heights of bitcoin’s price don’t necessarily mean the asset is going mainstream. The $100,000 level is “merely a psychological factor and ultimately just a number,” Dan Coatsworth, investment analyst at British investment company AJ Bell, wrote...
That’s the conclusion of the 15th annual food price report released Thursday by a partnership that includes researchers at Dalhousie University, the University of Guelph, University of Saskatchewan and University of British Columbia. The report’s authors used three different machine learning and AI...
Reduce taxes in the current year There are several ways to do this: Fill tax efficiency gaps: Many Canadians have unused tax-advantaged savings room in registered accounts—and this is a real miss. For example, you can invest in your registered retirement savings plan (RRSP) to reduce net income...
How to find the best deal out there Keehn said people should sit down once a year to go over their bank account cash flows and shop around for better deals. She said figuring out your spending pattern can help you find a chequing...
But even among Canadians familiar with the RDSP, there are misconceptions. For example, the survey found that 36% of people with potentially qualifying medical conditions and caregivers who hadn’t opened an account thought they didn’t have enough money to do so. One-third...
“Do not click on links in unsolicited emails or texts. Instead, visit the official website of the courier service for updates,” the bureau said. Report scams and fraud attempts Canada Post recommends customers contact the Canadian Anti-Fraud Centre if they receive a suspicious email,...