Credit cards to save on exchange fees Credit cards often offer the most sensible way to spend abroad, says Barry Choi, who runs the Money We Have personal finance and travel website. They typically charge foreign transaction fees of about 2.5% on each purchase—a cheaper option than those done via debit card or ATM. “A…
The Nova Scotia Federation of Labour says the tariffs represent an unprecedented challenge to the province’s workforce. In a media statement, federation president Danny Cavanagh says Nova Scotia has thousands of workers employed in export-oriented industries, including lumber, seafood, Christmas trees, paper products and tires from three Michelin plants. Those industries now face a severe…
RRIF income splitting For one, you can split up to 50% of your eligible pension income with a spouse or common-law partner. This can reduce combined tax payable by moving income from your tax return to your spouse’s. RRSP withdrawals do not count, but RRIF withdrawals are eligible to split once you are 65. Eligible…
Your income description is suggesting you have about $300,000 of non-registered investments yielding 4%, a small $20,000 life income fund (LIF), and indexed pensions of about $40,000 each. You’re drawing about $20,000 each from your registered retirement savings plans (RRSPs) to bring your income to about $90,000, just below the entry point to the Old…
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Whether you’re using a public charger on the go or plugging in at home, the cost of keeping your electric vehicle (EV) powered up can sneak up on you. But the right credit card can make up for some of the cost through cash back or rewards points. So, don’t wait: we’ve gathered the best…
Nvidia in the S&P 500 Nvidia and other companies benefiting from the AI boom have been a major reason the S&P 500 has climbed to record after record recently, with the latest coming last week. The effect of tariffs Their explosion of profits has helped to propel the market despite worries about stubbornly high inflation…
“What I’d also like people to take into consideration is the opportunity cost of letting a debt sit for any period of time,” notes Arbour. “What are you giving up on by not repaying that debt as quickly as possible, or even letting it get larger? What dream or goal do you have for your…
Moving costs: Depending if you hire professional movers or take a DIY approach, moving costs can vary. Hiring movers can cost from $300 to $2,500, depending on where you live as well as the distance and complexity of your move. If you opt for a rental truck, you might pay anywhere from $100 to $300…
According to the CAFC, these are some of the most common ways that criminals steal Canadians’ identities: Taking personal or financial information from your recycling bin or mailbox Obtaining your information through a spoofed website, which is a fraudulent website set up to look like a site from a trusted source, like a bank Pretending…
