To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price you can afford and how it affects your housing costs. Fortunately, mortgage calculators let...
Trying to see if there are any strategies out there that I or others are missing. This can be of any level of complication for any ranges of income or asset situation. Hoping to...
Canadian oil and gas producers are awash in cash for the first time in years, thanks to crude prices that have surged back to multi-year highs after their collapse early in the pandemic. Revenues are expected...
However, there is one exemption to this rule—the exempt contribution. Say, you name your spouse or common-law partner as your TFSA account beneficiary. They may be able to use the assets in your TFSA...
The Purpose of this Guide The purpose of this Canadian cryptocurrency taxation guide is to help you identify if you have triggered a taxable event to report on your Canadian tax return from cryptocurrency...
The Consumer Price Index increased at an annual pace of 4.8 per cent in December, as sharply higher prices for food led to the cost of living going up at its fastest rate since...
The Canadian banking system is known worldwide for its strength and stability, but even so, it’s being increasingly transformed by neobanks. So, how exactly are these new, “non-bank” players disrupting the banking system? And...
In most cases, having 150-200k+ personal ncome per year (unless in a HCOL area) is enough to live more than comfortably and fulfill most needs/wants. If you dont spend the entirety of your income...
Microsoft is buying the gaming company Activision Blizzard for $68.7 billion, gaining access to blockbuster games like Call of Duty and Candy Crush. The all-cash deal will let Microsoft, maker of the Xbox gaming system,...
The rules around RRSP contribution room As soon as a taxpayer starts to earn income—like employment income, self-employment income, royalties, research grants or net rental income—they accumulate room for their registered retirement savings plan...
