11. Open a My Account with the CRA Now it’s time to create a CRA My Account, which will become your tax management hub and allow you to view your tax information online, file your return electronically, and make payments. It’s a secure...
By Rebecca Cuneo Keenan and Keph Senett on June 10, 2024Estimated reading time: 19 minutes Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to...
By Keph Senett and John Loeppky on June 10, 2024Estimated reading time: 16 minutes Tax-free savings accounts (TFSAs) are more than a simple tax-sheltered savings account. TFSAs allow Canadians to hold cash, guaranteed investment certificates (GICs), stocks, bonds, exchange-traded funds (ETFs) or mutual funds...
The name is misleading because people with ADHD don’t necessarily have a deficit of attention, but rather, the inability to focus their attention. ADHD coach Brett Thornhill says, “It’s like your brain keeps switching between 30 different channels and somebody else has...
The name is misleading because people with ADHD don’t necessarily have a deficit of attention, but rather, the inability to focus their attention. ADHD coach Brett Thornhill says, “It’s like your brain keeps switching between 30 different channels and somebody else has...
What was the biggest money lesson you learned as an adult? The understanding of how big a role your identity plays in your finances. Finance is deeply personal and intersectional, and your money is directly impacted by aspects of your identity such as...
It’s only in the last few years that consumers have begun to familiarize themselves with heat pumps as an option for their homes, despite the fact this technology has been around since 1856. And myths surrounding heat pumps remain, including the belief...
The family was swimming in the pool less than a year after putting down a deposit with their pool contractor. However, the process wasn’t all smooth sailing. “Originally, we budgeted $80,000, and they laughed at us,” Rubinoff says. “There are costs you...
Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major...
“The Big Cut” While The Big Short film is a riveting watch, “The Big Cut” may be even more enthralling. The Bank of Canada (BoC) made the decision to cut its key interest rate to 4.75% on Wednesday. It’s the first rate cut since...