There are a few supports and programs in place for first-time buyers in Canada, including the Home Buyers’ Plan and the first home savings account (FHSA). First-time home buyers may also be eligible for land transfer tax rebates. Chances are, if you’ve...
But I refuse. I like my space and living on my own. And, whether they’re a paying roomie or a romantic partner, in the words of one Whoopi Goldberg, “I don’t want somebody in my house.” So, when I moved out on...
By Erin Pepler and Justin Dallaire on July 8, 2024Estimated reading time: 17 minutes Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps...
You should have a retirement plan that accounts for the hope that you will have a long, healthy life ahead, as well as a will that outlines your wishes for when you die. A lot can happen in the next five to...
Withdrawing from an RRSP before age 70 Are you thinking you’d like to withdraw everything from your RRSP before starting your OAS or age 70? This way, if you die after age 70, there’s no RRSP/RRIF to transfer to your wife, no resulting...
The pros and cons of a 30-year mortgage Signing up for a 30-year mortgage allows a buyer to stretch their mortgage payments over a longer period of time. “You’re spreading your debt over five extra years [compared to 25-year mortgages]. That usually gets...
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Prediction: Tesla will finish the year down 30% Let’s wait and see how this one goes. If I wrote this column a week ago, I would have said Tesla looked like an excellent bet to be down 30% by year end. But shares...
“You can make them the way you want instead of trying to fit into the box that the app has given you,” she said. Are budgeting apps secure? Meanwhile, Fry says she doesn’t often recommend her clients use budgeting apps because of security...
Why registering for GST/HST pays off The other excellent reason to charge GST and HST is that it pays off in dollars and cents. One of the great advantages of being self-employed is that when you charge these taxes, you only give the government...