Personal Finance – Page 4 – How to Achieve Financial Freedom

Despite growing financial pressures, Canadians are still reliably paying their mortgages

Despite a trade war and other geopolitical tensions, as well as the ongoing mortgage renewal wave, the majority of Canadian homeowners are still meeting their monthly mortgage payments, according to a new poll. About 83 per cent of Canadian homeowners say they have never missed a mortgage payment, according to a survey from brokerage True […]

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Live Updates: Amazon’s Big Spring Sale 2026 Deals

Courtney Neidel writes for NerdWallet. Email: [email protected]. Twitter: @CourtneyNerd. The article Live Updates: Amazon’s Big Spring Sale 2026 Deals originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/amazon-big-spring-sale #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

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Garry Marr: Why it could be the right time to walk away from your real estate

There is a time to throw in the towel on any investment and that moment may be coming for some homeowners and condo investors. Bankruptcy is still an ugly word in our society, and many will fight tooth and nail to avoid it, but it is becoming a viable financial option today if your real

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Most Canadians have yet to file taxes, CRA data show. Here are five tips to get you going

Tax filing season officially began just over three weeks ago, and according to the latest individual income tax return statistics for the 2026 tax-filing season, as of March 15 the Canada Revenue Agency has received 5.5 million returns , nearly all of which (96 per cent) were filed electronically. Of the returns processed by the

Most Canadians have yet to file taxes, CRA data show. Here are five tips to get you going Read More »

Beware of airline trickery on oversold flight credits as you can’t always get what you want

Let me tell you a story about a bad airline experience . Maybe you can relate directly as, unfortunately, I think many of you can. I won’t name the airline , but a few months ago, I was going on a four-day trip to Mexico with my son. As we approached the gates for a

Beware of airline trickery on oversold flight credits as you can’t always get what you want Read More »

Are GICs enough to keep Silvia’s nest egg going?

Q. I am a single 61-year-old and my concern for my nest egg is simply maintaining the capital. I’m not optimistic about the world economies and wonder if Treasury bills or guaranteed investment certificates (GICs) are enough of an investment to simply keep my principal intact over the next few years. I make about $60,000

Are GICs enough to keep Silvia’s nest egg going? Read More »

CRA refused to cancel TFSA overcontribution tax

Canadians continue to run into trouble with their tax-free savings accounts ( TFSAs ), as evidenced by the steady flow of e-mails I get from readers complaining about being charged overcontribution tax by the Canada Revenue Agency for situations often beyond their control. For example, just this week, a reader wrote to me about the

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Should couple in their 50s who want to retire tap into RRSPs or apply for CPP?

Now that both of their children have started their careers, are married and purchased their first homes, Timothy,* 57, and Margaret, 53, are ready to retire. Ideally, they both want to leave the workforce in two years when Timothy can retire with his full defined-benefit pension after 30 years of work. “We’ve helped the kids

Should couple in their 50s who want to retire tap into RRSPs or apply for CPP? Read More »

Just like a Dad tax, government taxation can inspire behaviour changes — both good and bad

I used to impose what my kids jokingly called the “Dad tax” when they were younger. If we went out for dinner and they ordered something that looked particularly appealing, I would demand a small sample as my tax for paying the bill. Over time, they figured out how to avoid the tax by ordering

Just like a Dad tax, government taxation can inspire behaviour changes — both good and bad Read More »

It’s been five years since mortgage rates hit all-time lows, and no one is celebrating this anniversary

Fifth anniversaries are traditionally celebrated with wood, but five years after mortgage rates hit an all-time low, some homeowners are probably wishing for stone, with a rate etched in it. About a million Canadians got the rate of a lifetime on a mortgage in 2021, but today find themselves married to homes that will cost

It’s been five years since mortgage rates hit all-time lows, and no one is celebrating this anniversary Read More »

Livestream Q&A: Jamie Golombek answers your tax questions

Tax season is in full swing, and we know you have questions. That’s why our expert tax columnist, CIBC’s Jamie Golombek , is answering Financial Post readers’ questions during this live chat, hosted by FP’s Larysa Harapyn. Leave your questions in the comments below (they won’t show up as we are moderating them) or email

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Mortgage renewal headwinds near a ‘turning point’ for pandemic buyers, report says

The mortgage renewal wave that has long loomed over pandemic buyers who purchased homes at rock-bottom rates may finally be coming to an end, according to a Wednesday report from Toronto-Dominion Bank. “Canadian households are approaching the turning point where the shock is behind them,” TD economist Maria Solovieva wrote in the report. “The hill

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Crisis-managing Canadian women often left out of people’s wills

By Brian Cox Women are more likely than men to be appointed to positions of trust for tasks such as administering estates and making important decisions on behalf of someone who has become incapacitated, but they’re often not named as a beneficiary in the related will , says a new study by Willful. Erin Bury,

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One tax change that could improve Canada’s productivity and benefit all

I was frustrated a number of years ago when I was leading our firm. We were very busy, we had too many “good ideas” and our capital — financial and human — was spread thin across too many projects. Output wasn’t matching effort. But our productivity improved almost immediately when we cut the noise and

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Taxpayer got no relief from court after CRA penalties on late filing of foreign holdings

As you start to organize your tax slips, receipts and other tax information to begin preparing your 2025 personal tax return , you’ll want to ensure you have all the details of any foreign property you held last year. The prompt to report ownership of foreign property appears right on page two of the 2025

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Keep winter spending surprises from leaving you out in the cold

Winter has a way of slowing our lives down, with tiresome shoveling, unexpected power outages and evenings spent curled up with a cup of tea or by the fire. Yet while the pace of daily life may ease, our spending rarely follows suit. Between online shopping, higher heating bills, warm-weather getaways, weekends on the slopes

Keep winter spending surprises from leaving you out in the cold Read More »

B.C. widow worried about retirement income with OAS clawbacks

Ingrid* is stressed. She is 68, retired, and on her own since her husband died seven years ago. Her current income is just enough to cover expenses with “little left.” But she wants to undertake a major renovation of her home and make sure her portfolio is able to generate at least $80,000 after tax

B.C. widow worried about retirement income with OAS clawbacks Read More »

Black financial planners share 6 strategies for building wealth beyond the basics

Pamela de la Fuente writes for NerdWallet. Email: [email protected]. The article Black financial planners share 6 strategies for building wealth beyond the basics originally appeared on NerdWallet. https://www.nerdwallet.com/finance/learn/build-wealth-app-version #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

Black financial planners share 6 strategies for building wealth beyond the basics Read More »

Here’s why mortgage renewals may be the banks’ biggest rip-off

A client recently told me their mortgage was up for renewal in late January, and earlier that month — maybe four weeks before renewal — they received a mortgage renewal form from their bank, one of the Big Six . I was asked which term they should sign off on even though they didn’t like

Here’s why mortgage renewals may be the banks’ biggest rip-off Read More »

NerdWallet Newsletters

Rick VanderKnyff writes for NerdWallet. Email: [email protected]. The article NerdWallet Newsletters originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/newsletter-signup #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

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