Toronto: A surprise entry on the affordability scale Make no mistake, the city of Toronto continues to be one of Canada’s priciest real estate markets, with the average home clocking in at $1,117,400 in May. However, “The Six’s” typically hot spring selling season...
Nvidia has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. Revenue more than tripled in the latest quarter from the same period a year earlier. The company’s journey to be one of the most prominent players in AI has produced...
Until now, though, options for holding and growing cash in Canada have been limited to high-interest savings accounts (HISAs), guaranteed investment certificates (GICs) and money market funds (MMFs). So, the arrival of an accessible notice savings account (NSA) is great news for...
Best airport lounge access credit cards in Canada By Sandra MacGregor on June 18, 2024Estimated reading time: 13 minutes Airport lounge access can transform an otherwise gruelling layover into a relaxing respite. Lounges may offer free snacks and drinks (including complimentary alcoholic beverages), free Wi-Fi, plentiful...
By Keph Senett on June 18, 2024Estimated reading time: 10 minutes Maybe you’re one of the many Canadians who missed a debt payment in the last year. Or maybe you’re a newcomer to Canada, or you’re a young person who hasn’t established a credit...
Employees often receive other considerations such as benefits and health insurance, said Cindy Marques, a certified financial planner and co-founder of MakeCents. “That will result in dollars saved,” she said. “And essentially, dollars in your pocket when you think about not having to...
Exemptions from the departure tax Some assets, like pensions and assets held in registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs), are exempt from an exit tax. They can remain tax-deferred or tax-free, as the case may be. RRSPs and pensions...
Selling the former residence, including real estate commissions, penalties for paying off a mortgage, legal fees and advertising costs Keeping a vacant old residence (to a maximum of $5,000) while actively attempting to sell it, including mortgage interest, property taxes, insurance premiums, heat...
High rates punish dividend payers in two ways, the theory goes. They lure capital towards safer interest-bearing assets such as bonds and guaranteed investment certificates (GICs) that now boast competitive yields. And they raise financing costs for dividend-heavy sectors that do a...
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