In addition, three of the year’s busiest shopping days are coming up: Black Friday, Cyber Monday and Boxing Day. In the meantime, whether you’re holding out for the lowest prices on big-ticket items or preparing to give a sizable monetary holiday gift,...
At first, you would think having $158,000 of investments would be far better than having $120,000 and your tax-deferral strategy—taking minimum RRIF withdrawals—was the better choice. However, you may be wrong. When happens to your RRIF when you die When you die, unless you...
Will you have other income from the Canada Pension Plan (CPP), too? (When you add that to your salary, it pushes you further into the clawback zone.) How much Old Age Security (OAS) are you willing to lose? And, does it make sense to...
Food and shelter continue to drive inflation While falling gasoline prices led to a moderate 1.6% annual inflation rate in September, Statistics Canada revealed that October’s annual inflation rate had ticked back up to 2%. Even though gas prices continue to fall, food and...
“It’s important to point out just how meaty this is. It’s quite a substantial move and it’s important to note that the much bigger impact here will not be on the high-profile GST holiday. It’s much more on the (rebate cheques),” he...
Do young Canadians need life insurance? There can be a “very high temporary insurance need” for younger Canadians, said Andrea Thompson, a certified financial planner at Modern Cents, in an interview. That’s because mortgage debt and lost income earning potential over their lifetime...
Both planners and advisors can help you and your family with a wide range of money matters, including financial planning, estate planning, investing, insurance and mortgages. Looking at advisors’ credentials or designations can help you determine what they focus on. “The designations that...
For a friend who’s always cold I live in these toasty insulated booties all winter, wearing them like house slippers. Never mind that they were designed for campers and backcountry skiers—desk jockeys get cold feet, too. The booties are made of colourful nylon and certified-responsible duck...
Why is MoneySense sharing a list of free and low-cost mental health services? Many Canadians are struggling to afford the cost of treatment, even those who have health benefits from their employer. Your mental wellness can affect your overall health, career, personal...
2. Coverage for mistakes or allegations of professional negligence If you provide advice and services to your customers—such as a consultant, an accountant or a freelance designer does—and you make a mistake, fail to provide a service as promised, or give poor advice...