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A friend reached out to me this week in a panic. She was about to file her 2025 tax return and owed $140,000 in tax, but that wasn’t the source of her concern. It turns out she had sold an income property in 2025, realized a significant capital gain and the tax on that gain […]
Here’s how and when you have to pay tax in instalments to the CRA Read More »
Despite ongoing cost-of-living pressures, millennial parents are finding ways to set money aside for their children’s future, according to a new survey from education savings company Embark Student Corp. Seventy-three per cent of the survey’s respondents — 90 per cent of whom are millennials — said they have opened a registered education savings plan (RESP)
Canadians have billions of dollars tucked away in their First Home Savings Accounts , a savings stockpile that has only been growing as stock markets have powered higher in recent years. The real estate industry would love to see first-time home buyers drain those accounts, but a major question for young Canadians today is whether
Garry Marr: Are young FHSA savers about to get duped again? Read More »
As a young boy, I would watch my mom diligently read the newspapers and the flyers that came with them. She would cut out coupons and tuck them away for the next trip to the store. Today, newspaper coupons have been replaced by a flood of digital ones: app notifications, email blasts, loyalty offers and
Whether you use an app or a budget worksheet to get a handle on your spending, you’ll want to know where your money is going — and then make a plan for where you want it to go. The 50/30/20 budget is a good tool to do just that. Use our calculator to estimate how…
After decades of work, retirement is supposed to feel like freedom, and for many Canadians it did, until costs for groceries and essentials soared. What was once a comfortable retirement income in 2021 now does not go as far. Many retirees are therefore reconsidering their financial plans, not due to poor decisions but because the
CPP, OAS and other strategies to help seniors face a more expensive retirement Read More »
It is that time of year when taxpayers cross their fingers and hope for a tax refund. Canada Revenue Agency (CRA) data for the 2026 tax-filing season through April 20 show about 62 per cent of tax returns filed resulted in a refund. The average refund was about $2,248. Taxpayers with a balance owed an
Why retirees are often shocked by tax bills and how to reduce them Read More »
Planning a cost-effective vacation this summer increasingly feels like betting on the commodities market, as oil prices rise and fall based on global geopolitical winds. Statistics Canada reported this week that airfares rose in March for the first time in two years, as the Iran war roiled oil prices. John Grant, chief analyst at OAG
Garry Marr: When it comes to summer vacation planning, we’re all commodities traders now Read More »
Lauren Schwahn writes for NerdWallet. Email: [email protected]. Twitter: @lauren_schwahn. The article 7 Things You Can Get For Cheap (or Free) on Earth Day originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/earth-day-deals-freebies-2026 #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding
7 Things You Can Get For Cheap (or Free) on Earth Day Read More »
Investing in publicly traded real estate is going to get even harder now that one of Canada’s largest shopping mall operators is going private. A $9.4 billion deal, including debt, will see Toronto-based First Capital Real Estate Investment Trust, a retail landlord with about 136 shopping centres in urban areas, be sold to privately held
Kate Ashford, WMS™ writes for NerdWallet. Email: [email protected]. Twitter: @kateashford. The article How Much Is Fox One? originally appeared on NerdWallet. https://www.nerdwallet.com/finance/learn/how-much-is-fox-one #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth
How Much Is Fox One? Read More »
Canadian consumers have not reduced their spending in the face of a struggling economy, but they are are being more cautious and selective with their money, according to new transaction data from Moneris Solutions. The payment processing company, which handles roughly one in three transactions in Canada, said total domestic spending was essentially flat year
Canadians are being more cautious and selective with their money: report Read More »
The latest stats from Canada Revenue Agency ’s tax filing season tracker show that as of April 12, 16.1 million taxpayers have filed, meaning about half of us have yet to file our 2025 tax return — including me. But I’m not panicking, as I always wait until the last minute to make sure I
Three steps to make filing your tax return to the CRA less painful Read More »
Anna Helhoski writes for NerdWallet. Email: [email protected]. Twitter: @AnnaHelhoski. The article Jury Rules Live Nation Is an Illegal Monopoly — What It Means For You originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/live-nation-ticketmaster-trial #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration
Jury Rules Live Nation Is an Illegal Monopoly — What It Means For You Read More »
Ted Rechtshaffen, chief executive at TriDelta Private Wealth , talks about creating a tax-efficien t financial plan for retirement . https://financialpost.com/personal-finance/how-to-create-your-own-pension-paycheque #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
How to create your own pension paycheque Read More »
Spring is traditionally the busiest time for real estate and this year, the stakes couldn’t be higher. Follow our Spring Real Estate Survival Guide series as we unpack some of the most pressing questions buyers and sellers are grappling with, plus expert advice on how to navigate the reality of a slower market. Read the
Q. I have loaned $500,000 to my wife at the Canada Revenue Agency’s (CRA) prescribed low interest rate of three per cent and she has been paying the required interest. I am gifting $100,000 by bank transfer to my adult son, who is 21 years old. He will transfer the same amount by bank transfer
There is something about the fresh promise of spring that nudges even practical homeowners to let their imagination wander. A small vegetable patch can become a backyard kitchen garden. A patchy front lawn can inspire a full landscaping redo. And for anyone thinking about listing a home for sale this summer, a few shrubs and
Money orders are one of the most reliable ways to send a guaranteed payment, and millions of Americans use them every year to pay rent, cover bills, or send money without a bank account. Unlike… The post 18 Places to Get Money Orders in 2026 appeared first on Crediful. https://www.crediful.com/money-orders-near-me/ #financialfreedom #money #entrepreneur #business #finance
18 Places to Get Money Orders in 2026 Read More »
In the past month, two warnings concerning the use of artificial intelligence (AI) in the world of Canadian personal tax have been issued. The first, was a general warning to Canadian taxpayers courtesy of the Canada Revenue Agency , while the second was a reminder from a federal court judge about the use of AI
Warnings about AI and your taxes come from both the CRA and a judge Read More »