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In the first known reported Canadian tax case involving the taxation of cryptocurrency, a Tax Court judge was tasked with deciding whether a taxpayer could write off her bitcoin loss, and if so, whether it was a capital loss or an ordinary business loss. The taxpayer’s crypto journey began back in 2017 when she opened […]
Tax Court overturns CRA decision to deny bitcoin loss writeoff Read More »
Managing money well starts with the right knowledge. The best personal finance blogs simplify complex topics, offering clear and practical advice on saving, investing, and building wealth. Some focus on frugal living and debt payoff,… The post 40 Best Personal Finance Blogs of 2025 appeared first on Crediful. https://www.crediful.com/top-personal-finance-blogs/ #financialfreedom #money #entrepreneur #business #finance #investing
40 Best Personal Finance Blogs of 2025 Read More »
Q. My wife Melody just got a new job and her employer provides free meetings with financial planners. We’re both 31 years old and have never gone to a planner. We have the meeting next month and I was wondering how I should prepare for it. What kinds of questions should I be asking? We
How to prepare for your first meeting with a financial planner Read More »
Colin,* 55, and Marcella, 54, are ready to retire. The Halifax-based couple have one child in university and are effectively empty nesters. They are prepared to downsize if necessary to pursue their love of travel and other hobbies – hopefully in the next one to two years. Colin and Marcella have saved aggressively to be
Is a $2.75 million portfolio enough for Halifax empty nesters to retire early? Read More »
Kimberly Palmer writes for NerdWallet. Email: [email protected]. Twitter: @kimberlypalmer. The article Your Top December Money Questions Answered originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/december-money-questions-answered #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
Your Top December Money Questions Answered Read More »
I was chatting with a friend last week who asked me, “Why do you dislike the Canada Revenue Agency so much?” I was a bit shocked since I really don’t. I quite admire and respect the important job the CRA has to do — administering Canada’s complex tax laws is very difficult — its people
CRA’s 100-day plan results are not the presents Canadians want or need Read More »
Nobody should be raiding their tax-free savings account for a frivolous reason — it’s not meant to be a slush fund. But if you’re going to pull money out strategically, the clock is ticking. That’s because of a unique feature of the accounts that restores contribution room at the start of the calendar year following
Garry Marr: How raiding your TFSA before the end of year could save you thousands Read More »
Rick, a retired accountant from Vernon, B.C., has been coming to California for 17 years. But closing in on 80 years of age, he has been reconsidering that ritual. He doesn’t like the political climate in the United States and he also worries about how Canadians will be accepted. He would probably sell his place
Kate Ashford, WMS™ writes for NerdWallet. Email: [email protected]. Twitter: @kateashford. The article The High Stakes Behind the Netflix/Paramount Bidding War For Warner Bros. originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/netflix-paramount-bidding-war #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
The High Stakes Behind the Netflix/Paramount Bidding War For Warner Bros. Read More »
When dealing with debt problems , bankruptcy is often seen as an option of last resort. While it can provide a fresh financial start and be a viable option for some people, it is not a practical option for others. In fact, there are clear circumstances when going bankrupt will either be ineffective, impossible or
What happens when going bankrupt is not an option? Read More »
Do you have a 1972 Chevrolet half-ton sitting in your driveway? Or a 1987 Ford Tempo? How about a 1999 Toyota Corolla? If you do and regularly drive it, they’re likely not efficient and require a significant amount of upkeep. The years of vehicles represent the last three times Canada had meaningful or significant tax
Tax reform requires more from the Liberals than just a minuscule tax rate reduction Read More »
Lauren Schwahn writes for NerdWallet. Email: [email protected]. Twitter: @lauren_schwahn. The article Coming Soon: NerdWallet’s 7-Day Financial Reset originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/7-day-financial-reset #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
Coming Soon: NerdWallet’s 7-Day Financial Reset Read More »
The Canada Revenue Agency (CRA) is warning that Canadians could unknowingly participate in an “aggressive” tax scheme and face serious consequences, including penalties, court fines and even jail time. The agency issued a news release saying the scheme involves critical illness insurance arrangements that may be designed to avoid paying taxes. The arrangements are often
CRA warns of ‘aggressive tax schemes’ involving critical illness insurance Read More »
In an increasingly complex world, the Financial Post should be the first place you look for answers. Our FP Answers initiative puts readers in the driver’s seat: you submit questions and our reporters find answers not just for you, but for all our readers. Today, we answer an estate question from Peter about a missing
Rick VanderKnyff writes for NerdWallet. Email: [email protected]. The article Shocked by Your Electric Bill? 3 Reasons Costs Are Rising originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/electricity-costs #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
Shocked by Your Electric Bill? 3 Reasons Costs Are Rising Read More »
By Diana Orlic Names such as Bill Gates or Warren Buffett often come to mind when people consider philanthropy , but philanthropy is not just for the ultra-wealthy because everyday Canadians who want to make a difference can also give in many different ways. From financial donations to volunteering time, a meaningful contribution is defined
‘Tis the season: How to make philanthropy part of your financial plan Read More »
I’m not looking for pity here, and I won’t get it, but I have too much money in my family’s registered education savings plan. If that sounds like the kind of problem most parents would love to have, I agree. But when it comes to RESPs , having too much can create its own set
Garry Marr: Robust markets and gainfully employed kids are ruining my RESP plans Read More »
Here’s what to consider when comparing the costs of Netflix, Amazon Prime, Hulu and other options to identify the best streaming service for you. Cara Smith writes for NerdWallet. Email: [email protected]. Twitter: @https://twitter.com/caramichelles. Lisa Mulka writes for NerdWallet. Email: [email protected]. The article What Is the Best Streaming Service for You? How to Choose originally appeared
What Is the Best Streaming Service for You? How to Choose Read More »
This week the Canada Revenue Agency (CRA) released the new tax numbers for 2026. Here’s what you need to know for next year. Inflation adjustment factor Each year, most income tax and benefit amounts are indexed to inflation . The CRA announced that the inflation rate that will be used to index the 2026 tax
CRA released the new tax numbers for 2026. Here’s what you need to know for next year Read More »
It’s been more than 80 days since one of the most exciting days in Canadian tax history, with another couple of weeks to go until we see the results . As the Pointer Sisters famously sang , “I’m so excited, and I just can’t hide it. I’m about to lose control and I think I