Canada’s best Aeroplan credit cards By Keph Senett on August 2, 2024Estimated reading time: 8 minutes Aeroplan is Canada’s largest airline loyalty program—and one of its most lucrative. Owned by Air Canada, Aeroplan offers a ton of flexibility compared to other airline loyalty programs. You can...
About the Canada Pension Plan (CPP) The Canada Pension Plan is a retirement pension that offers replacement income once a person retires from working life. The CPP is a social insurance plan, and it’s one “pillar” of the retirement income system for Canadians—the...
Mixed results for Magnificent 7 The narrative around the Magnificent 7 mega-cap technology stocks has become mixed, even in the face of mostly positive earnings news. Microsoft stock sold off on Tuesday even after the company narrowly beat Wall Street expectations for its fiscal...
Earlier this year, the HBP got a significant makeover. Here’s what’s new about the HBP, plus how you can use it together with other savings tools: a first home savings account (FHSA), a tax-free savings account (TFSA) and—recently introduced in Canada—EQ Bank’s...
If a trust account is funded by a parent or grandparent, the income attribution rules may apply such that income is taxable back to the parent or grandparent. To be clear, income in this context is considered interest and dividends. Capital gains,...
In July, after several years of prioritizing debt repayment, Cenovus reached its debt reduction target—bringing its total net debt to $4.0 billion. The milestone means Cenovus will no longer be regularly directing a portion of its cash flow towards its balance sheet,...
Are GIC rates going up in Canada? At the start of 2022, GIC rates were just starting to rise but were still less than 3%. The reason they are so much higher now is worth considering. The Consumer Price Index (CPI) rose by...
Assuming you have another home that you live in, Charles, there will be tax implications from the sale of one of your two properties. You can actually claim the principal residence exemption for your cottage, making the sale tax-free without limits. But...
You could consider changing ownership from “tenants in common” to “joint tenants” if you both wanted the property to go to each other on death, although your son may have other beneficiaries, like a spouse or his children, who he wants his...
Statistics Canada’s gross domestic product report on Wednesday said retail and wholesale trade as well as the oil and gas sector weighed on growth. However, it highlighted the Trans Mountain pipeline expansion’s contribution to economic growth that month. “The crude oil and other pipeline...
Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.
