“Despite interest rates decreasing, people are still concerned,” said Grant Bazian, president of insolvency firm MNP. The survey, conducted by Ipsos, found fewer Canadians expect their debt situation to improve in the coming year while a growing number believe it will worsen. More than half say...
Crypto ETFs hold actual crypto, so they’re a more direct way to gain exposure to crypto compared to shares in a public company engaged in crypto activities. Crypto ETFs are eligible for tax-advantaged accounts like the tax-free savings account (TFSA), registered retirement savings plan (RRSP) and...
GICs versus stocks in a non-registered account If you buy guaranteed investment certificates (GICs), Joe, you will avoid capital gains tax on your death. But you may pay more overall tax. GICs don’t grow in value the way a stock can appreciate over time, so there’s...
Withdrawing money from a TFSA in retirement With a TFSA, though, you can withdraw money and put it back in the next year. You cannot do that with a RRIF. Once you withdraw money from it, you can’t put it back in. If you think you will...
Increasing the company’s footprint has a “halo effect,” Wong said. “When we open a new store and a new market … all of the buzz around the flagship openings and the marketing around that does drive traffic to the e-commerce site,” she said. Sales sluggish in Canada—with...
“Sometimes you have to get creative when the money is not there,” said the Toronto-based personal finance expert and author of “Everything but Money.” For Canadians who have made a workout routine their New Year’s resolution, her experience is timely proof that there are ways to...
“I think that there’s an opportunity (to have) a bridging conversation, if you’re able to reach out and say, ‘Hey, I know it’s been years. I know that we’ve not connected, but Mom and Dad, they’re getting a little older … I’d really love to...
According to the CAFC, these are some of the most common ways that criminals steal Canadians’ identities: Taking personal or financial information from your recycling bin or mailbox Obtaining your information through a spoofed website, which is a fraudulent website set up to look like a site...
New capital gains inclusion rate: With its 2024–25 budget, the federal government announced that capital gains in excess of $250,000 per year would be subject to a 66.7% inclusion rate effective June 25, 2024. That’s up from the 50% that applied previously (and which still applies to your...
The Finance Department says parliamentary convention dictates that taxation proposals such as the capital gains taxation measures the Liberals introduced last year are effective as soon as the government tables a notice of ways and means motion. The Liberals tabled in September a notice of a...