This is not the first time taxpayers with corporations have experienced tax changes. In 2018, the introduction of tax on split income significantly reduced the ability to split dividend income amongst family members. This led to tax increases for some families who...
But the grocery inflation that’s hit everyone’s pocketbook applies to coffee, too. From June 2021 to June 2022, the average price of ground or whole-bean coffee bought at stores increased by more than 20%, then another 9.2% between August 2022 and August 2023, according to Statistics...
As consumers in Canada, we are constantly bombarded with investment and financial fads, promising significant returns that often fall short, especially when considering their costs. Marketers capitalize on these trends, as seen with DIY stock trading, which has enabled hundreds of thousands...
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...
Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.
