Enter Moi Rewards. This loyalty program is already popular in Quebec, and it’s now available in Ontario at Metro and Food Basics grocery stores. Here’s everything you need to know about this personalized loyalty program that makes shopping for groceries—and saving money—easy. Why...
Selling tickets as a business in Canada Some people “scalp” tickets—buying and selling them for a profit—as a business endeavour. If that is you, the income is taxed as business income, which is fully taxable at your marginal tax rate. If you are buying...
American retailer earnings highlights All numbers below are in U.S. dollars. Nordstrom (JWN/NYSE): Earnings per share were $0.33 (versus a predicted $0.22), and revenues were $3.46 billion (versus a predicted $3.35 billion). Urban Outfitters (URBN/NYSE): Earning per share at $1.10 (versus a predicted $0.85), and...
Who can open a TFSA? Any Canadian over the age of 18 who has a valid social insurance number (SIN) is eligible to save or invest in a TFSA. How do TFSA contributions work? If you’re asking “What’s the catch?”—well, there isn’t one, unless you...
The actual TFSA yearly limit was set at $5,000 back in 2009 when the investment account was first created, but it’s indexed to inflation each year and rounded to the nearest $500 to simplify things for investors. The exception was 2015, when...
There’s a specified limit to how much money you can put inside a TFSA. For 2024, the annual TFSA contribution limit is $7,000, and for 2025, it will be $7,000. As of Jan. 1, 2024, there is a lifetime maximum of $102,000...
There are potential tax benefits to incorporating. As a company owner, you can pay yourself a salary or a dividend (share of profits). In either case, you must pay personal income tax on this, which is separate from the business tax filing—once...
What’s the worst money advice you’ve ever received? Get an adjustable-rate mortgage as a first-time home buyer when the Bank of Canada interest rate is just 0.25%—when it has literally nowhere to go but up. It’s difficult for me to recall what the...
But the infrastructure behind mutual funds is much more costly than for ETFs. That’s helped J.P. Morgan, which has until now focused on institutional clients in Canada, to offer investment products for advisers and retail investors, said Hughes. “To have mutual funds, you...
“It’s going to be very challenging to sort of convince consumers to take that next step without there being some sort of comfort around the ability to charge outside their home,” Rogers said. She said consumer concerns need to be addressed if Canada...