Retirement Made Easy Canada's Retirement Planning Blog
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One of the most common investment questions Canadians ask themselves today is, “Which is better, TFSA or RRSP”? There are a lot of articles, vidoes and opinions on which option is better and it’s...
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A donation given to a registered charity in Canada can be claimed as a charitable donation on your tax return. The Donation Tax Credit available after the first $200 of annual donations is effectively the top marginal tax rate in a given Province or Territory.
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Should you buy a new home when you retire? Here are 10 mistakes that are made when buing a new build.
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Borrowing to invest in an RRSP is great for someone who has trouble saving money and it offers a form of a forced saving program, because it will encourage to use the tax refund to pay of the debt and continue
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There are many things that people plan for when planning their retirement. They plan for the travel they wish to do, to have money for gifts for the grandchildren they hope to have, and...
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Seriously high levels of ‘bad’ cholesterol (LDL) represent a menacing cause of heart disease. By lowering the LDL level in your blood, you will automatically lower the total level of the cholesterol in your...
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Walk into any department store and you’ll find hundreds of beauty products lining the shelves. Each one of those products has something else, something unique to offer. Most promise to hide the signs of...
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Healthy eating and nutrition for people over 50 is greatly impacted by several factors, one of them being a change in body composition. During the later years in life, the body will lose bone...
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What is better TFSA or RRSP?What are Capital Gains or LossesOnce you have all the wheels in motion for your retirement it is often difficult to decide when is it time to retire. While...
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You’re selling your home as a FSBO (For Sale By Owner) in Ottawa and you get annoyed when real estate brokers call you, right? That’s a reasonable response when you’re doing all the work...
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Curb appeal is the key to selling a townhouse or condo. Since common areas are controlled by a homeowners’ association, paying attention to details can make all the difference. Townhouses The same rules that...
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Looking for tips to save money this tax season? Want to make sure you haven’t missed out on a tax credit? The Canada Revenue Agency has come out with some tips ahead of the...
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Understanding the difference between a tax deductions and a tax credits will help you to apply strategies and use financial tools to help reduce the taxes you pay on your retirement income. Tax Deductions...
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With a home equity loan – the ‘equity’ in your home refers to the amount you have left to repay on a mortgage subtracted from the current market value of your home. For some...
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What is probate? Probate is a process that authorizes an executor to distribute assets of a deceased’s estate. Where required, provincial governments grant this authority by issuing a probate certificate known in Ontario as...
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Tax season can be a frustrating time for Canadian small business owners, especially in a struggling economy. Although you cannot avoid income taxes completely, you may be able to reduce or defer your payments...
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The Property Transfer Tax is a tax payable to the Provincial Government by the purchasers of real estate. The tax applies to all types of real estate, whether residential, commercial or industrial. British Columbia •...
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It is tax season again and, for Canadian small business owners, that means it is time to review information about capital property transactions to determine capital gains and losses. Determining capital gains or losses...
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What To Consider When Preparing For Retirement Many people look forward to their retirement days when they can enjoy the pleasures of retired life. But they have not yet realized the importance of planning...
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Your filing income taxes deadline is April 30th, and that means that it is once again time for Canadians to start collecting tax and earnings forms and figuring out their income taxes. For many...
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Income taxes form a major portion of the annual revenues of the federal and provincial governments of Canada. Tax collection agreements allow different governments to levy taxes through a single administration and collection...
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There is a lot of talk about Donald Trump after the New York Times released his tax returns. Because of a big loss in 1995 he won’t need to pay taxes for the next...
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If you happen to have some money left over at the end of all the bill payments and you have no need for anymore toys, or even if you are beginning a prudent and...
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Canada’s finance ministers came to an agreement to make changes to the CPP. They came up with an expansion to the Canada Pension Plan to help future Canadians save for retirement. These changes happened...
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Your relative passed away at age 80 in early 2016. They never married and had no children. You are the sole beneficiary in their will. Is your inheritance taxable? It is basically the executor’s...
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Although Canada does not directly provide home-owners with tax-deductible mortgages, they do offer an investment incentive that enables Canadians to turn their mortgage into tax-deductible debt called the Smith Maneuver. Tax deductible means that...
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Seg funds vs Mutual funds Segregated funds are an annuity issued by an insurance company. They are similar to a mutual fund except for the fact that they come with capital or income guarantees as...
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In a Tax-Free Savings Account the growth is tax sheltered. Assume you invest $3,000 after-tax money annually into a TFSA and the same amount into a non-registered account. Both investments have a rate of...
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As parents, we want nothing more than for our kids to succeed. Often, we wish to give our children a “leg up” in their transition to adulthood by helping them out with larger expenses,...
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When the Tax-Free Savings Account was launched in 2009 there was a great deal of confusion on exactly what it was, how it worked and how best to use it. 5 years later and...
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DOWNLOAD PDF Momentum? Growth? Low Volatility? Is there one bias that can help Canadian plan sponsors achieve more consistent risk-adjusted returns in these volatile times? …
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Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges...
Where that desire becomes hubris is when we consider if they even belong. Sure, the companies were flush with money last year, they were expanding and hiring at a breakneck pace, and they were...
In Denver, Colorado, the government offers assistance to owners of electric bicycles and electric cargo bikes to buy new ones. For a regular electric bike they offer $300, for an electric cargo bike $500....
We’ve entered tax season; you have until April 18 to submit your taxes, and the IRS began taking 2022 tax returns on January 23. If you don’t know where to begin with your taxes...
Breadcrumb Trail Links Personal Finance News Economy Debt Bankruptcies, proposals to renegotiate loan terms expected to rise in first quarter Canadian business insolvency filings grew 37.2 per cent in 2022. Photo by Brent Lewin/Bloomberg...
Hand-Picked Top-Read Stories 1 minute read February 12, 2023 Source: Coin Culture A law recognizing cryptocurrencies as valid payment options in Brazil was recently approved. On December 22, 2022, Brazilian President Jair Bolsonaro officially...
The chief executive of payments firm Ripple Labs says that the US badly needs leadership in crypto regulation. According to Brad Garlinghouse, the US is falling behind other nations when it comes to providing...
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own....
Folks with exceptional credit scores also share similar financial habits when it comes to their debt obligations. That’s the conclusion from a recent LendingTree study that analyzed 100,000 credit reports of Americans with credit...
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