Here’s what you need to know about using this account, including the FHSA contribution limit and deadline, how to open an FHSA account online and why it might even make sense to open one if you’re undecided about home ownership and debating...
To give an another example, in September 2024, the average weekly wage across Canada was $1,304.43, according to Statistics Canada. That comes to an average annual salary of $67,830.36. That means the average working Canadian falls within the second federal tax bracket. They...
Several options are available—but what is best for your situation? Short-term investments such as bonds and guaranteed investment certificates (GICs) pay interest but might not give you the flexibility you need. Stocks and exchange-traded funds (ETFs) offer potentially higher yields but also...
Ci regularly refines the way it puts its lists together. For 2024, it removed any charities from the impact list that had more than three years’ worth of funding sitting on their balance sheet in investment accounts or cash. It calls this...
What are the proposed changes to capital gains tax? The capital gains inclusion rate would change for capital gains realized on or after June 25, 2024. Instead of the one-half (50%) capital gains inclusion rate that has applied since 2000, exempting one-half of...
How will a Trump presidency affect crypto? Before Donald Trump won the U.S. election on Nov. 5, it was widely believed among crypto investors that a Trump administration would be more crypto-friendly than a Kamala Harris administration. This view was bolstered by Elon...
Among those promises are large tariffs on imported goods, especially from China, as well as lower tax rates and lighter regulation. Trump has promised that with him as president, “inflation will vanish completely.” But some have raised concern that his economic policies could...
A little wisdom from those who’ve been there: this is not just a financial transaction—it’s your life. Sooner or later, you’ve got to get on with it. And over the 20 or 30 years it takes to pay off your mortgage, it...
During big market downturns, different types of investments can often start to move in similar directions—typically downward—regardless of their expected behaviour. Practically speaking, this means that low-volatility ETFs, while generally effective, might not always protect a portfolio from losses when the entire...
You can also review your past spending using your bank and credit card statements. When your next credit card bill comes in, give it a close read—you might be surprised by what you see. That could include recurring expenses you’ve forgotten about,...