Despite that, many analysts believe the TSX has a solid foundation underpinning its consistent growth. Rising corporate profits and earnings across the board as well as lower interest rates from the Bank of Canada will “help drive the equity market toward a new record,” said Brianne...
Available TFSA contribution room Canadians aged 18 and older accumulate new tax-free savings account (TFSA) contribution room every year. The annual TFSA contribution limit has changed many times since the account was introduced in 2009. As of January 1, 2025, an individual born in 1991 or...
CRA yet to offer guidance The CRA hasn’t offered an update since the prorogation of parliament and neither it nor the finance ministry immediately responded to questions Monday from The Canadian Press about how it would treat taxes subject to the Liberal’s proposal. “So people are now...
“If we really want to help vulnerable Canadians, we need to do more than just adjust interest rates,” says Bruce Sellery, Credit Canada CEO. “We need to look at the bigger picture—offering more affordable loan options, better financial support, and the tools people need to...
What to watch: Enjoy ad-free streaming of all CBC videos, including well-known shows like Fakes, Coronation Street, One More Time, Murdoch Mysteries, Son of a Critch, Poker Face, Schitt’s Creek, The Great Canadian Pottery Throw Down, Run the Burbs and Kim’s Convenience, as well as...
American Express credit cards offer some of the highest earn rates and most rewarding travel perks for credit cards in Canada. Here, we break down...
Or, to get full access to your account sooner, you can use the CRA’s recently introduced document verification service by submitting a photo of yourself holding an accepted ID document. (You must be 16 or older to use this service.) Lastly, you can enroll in multi-factor...
You can read more about our top pipeline stocks at MillionDollarJourney.com and MoneySense’s best dividends feature. ...
What is the basic personal amount for 2025 taxes? For the 2025 tax year, the basic personal amount—on which you do not pay federal income tax—ranges from $14,538 to $16,129, depending on your overall income. That’s up from 2024 figures, which range from $14,256 to $15,705. Those...
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...
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