You’ve earned every dollar — make it count. Here are 6 strategies to help you keep more of your hard-earned money this tax season
There’s an old adage that goes something like, “What’s the difference between tax reduction and tax evasion? About five years in jail.” As a Canadian, you have the right to reduce the amount of income tax you pay, but what you can’t do is evade taxes. Even rich folks with accounts in Panama can get […]
What are the income tax brackets for the 2024 tax year?
Tax season is upon us. Gathering your T-slips and receipts to start crunching the numbers can be anxiety inducing. If you think you might owe money, getting an early start can help soften the blow. Regardless of your situation, knowing the tax brackets helps you prepare. Read More: Find the best tax software to help […]
Tired of your bank taking more than it gives? EQ Bank just flipped the script with 4% interest
As traditional banks quietly trim returns, cutting interest rates on savings and high-interest accounts, EQ Bank is flipping the script. Even as banking customers adjust to lower interest rates, EQ Bank is forging a path the other way — offering up to 4% interest on its Personal Account and Joint Account. That’s 1.25% everyday interest […]
Fixed rates are falling — but variable rates won’t budge. Don’t let confusion cost you thousands. Here’s what you need to know before locking in your next mortgage
In an unusual twist in Canada’s mortgage market, fixed mortgage rates are on a downward trajectory while variable-rate pricing is tightening. This divergence presents both opportunities and challenges for homeowners approaching mortgage renewal. If you’re shopping for a mortgage renewal, there’s some good news: Fixed rates are on the way down. Over the past few […]
Carney? Poilievre? Singh? In advance of the 2025 election, here’s how to invest in Canada based on party leader
This year’s election cycle is anything but boring, and that’s putting it lightly. Between rising global tensions, and the return of Trump-era tariffs, it’s easy to feel uneasy about investing your money. More investors are looking local for opportunity. There’s a growing “Buy Canada” push from policy-makers, retailers and investors alike. But where does that […]
With rates on pause and 1.2 million mortgages up for renewal, now’s the time to act — here are 10 critical moves to protect your home and your financial future in 2025
As Canada enters a critical period of mortgage renewals in 2025 and 2026, homeowners and financial experts are closely monitoring interest rate movements for signs of relief — and it appears the Bank of Canada (BoC) offered a glimmer of hope for variable-rate mortgage holders and first-time buyers with a rate drop of 0.25%. The […]
You worked hard for your tax refund — don’t waste it. Here are 5 strategies, from experts, to turn your tax refund into real security, freedom and maybe a bit of joy
Were you quick to submit your taxes the minute the Canada Revenue Agency (CRA) started accepting T1 returns on Feb. 19, 2025? Or were you planning to wait until the last minute and file by the April 30 deadline? Either way, it’s time to consider the best strategy if you anticipate a tax refund. According […]
Despite economic turmoil, Canadian retail investors remain interested in responsible investments
Tariffs, inflation, carbon taxes, stock markets and much more have been dominating the financial headlines. Despite the fluctuations and uncertainty surrounding the markets, most Canadian retail investors are still eager to invest responsibly. That’s according to the annual survey from the Responsible Investment Association (RIA), which shows 76% of respondents want their financial advisor or […]
Reducing hunger a rare point of unity among Canadian voters
As Canadians head into a pivotal election season, one issue stands out for its rare consensus: hunger. According to Food Banks Canada’s new Election Report, 92% of adults agree that no one in the country should ever go hungry, and 84% say reducing food insecurity should be a top, non-partisan priority. "This is a time […]
I just lost $15k. Should I fire my advisor?
Imagine the jolt of anxiety as you log into your investment account and see a $15,000 loss staring back. You’re far from alone in this feeling. In today’s climate, where market volatility can be triggered by a multitude of global factors, experiencing significant portfolio drops is a reality many investors face. But when should these […]