You’re not alone; it’s a common occurrence to realize, often long after it’s happened, that you’ve fallen victim to a scam or been a target of ID theft in Canada. And it’s not too late to do something about it—ID thieves will often wait months or even years after stealing personal and financial information before…
How unfavourable? Since the beginning of the year, the Canadian dollar’s trading value has fluctuated between roughly USD$0.69 and $0.70—something not seen since the beginning of the COVID pandemic in early 2020. By comparison, as recently as late September 2024, the Canadian dollar was worth about USD$0.74. Most obviously, this puts Canadian consumers at a…
Let’s look at how income affects OAS, plus strategies on how to reduce or avoid OAS clawbacks. How to calculate OAS clawbacks If your income is above a certain amount in a given year, you’ll have to repay some or all of your OAS. The recovery threshold changes each year, but the calculation remains the…
Your chequing account is the unsung hero of your finances. It does everything necessary to keep your money flowing, from receiving your paycheques through direct deposit to paying your bills and providing easy access to your cash. If you’re one of the many Canadians still paying fees for everyday banking, switching to a free chequing…
“We increased this liability based on our expectation that more customers will redeem more of their … points going forward,” said chief financial officer Richard Durfresne on a conference call discussing the results. “What it reflects is that more and more consumers are liking PC Optimum, are using it, and so from our perspective ……
Wilson’s unique expertise lies in understanding the specific challenges faced by medical professionals and business owners. His comprehensive approach focuses on reducing debt, growing wealth, minimizing taxes and designing financial plans that are fully aligned with his client’s personal and professional aspirations. Passionate about building lasting relationships, he believes financial planning should go beyond numbers….
A Royal LePage survey released Thursday, conducted by Hill & Knowlton, said 57% of Canadians set to renew a mortgage on their primary residence this year expect their monthly payment to increase. That includes 22% who expect it to rise “significantly” and 35% who think their payment will go up “slightly.” One-quarter said their monthly…
“The broader diversity of the venture market continues,” said Tim Babcock, president of the TSX Venture Exchange, in an interview. “There are times where we are seeing innovation sectors be hotter in the market, be more interesting for investors,” he said. “Then, at times, mining is more interesting.” Ranking showcases small-cap companies from five sectors…
However, equal-weight ETFs have some trade-offs. One is cost. EQL has a 0.2% management expense ratio (MER), and QQEQ is 0.28%, compared to just 0.09% for market-cap weighted S&P 500 ETFs and 0.2% for Nasdaq-100 ETFs. Another downside is historical underperformance. Over the last five years, EQL returned 13.42% annualized, while the iShares Core S&P…
So, how does it work, and who qualifies? When is the next OTB payment date, and how will you receive it? Learn about these details and more in this overview of the OTB. What is the Ontario Trillium Benefit? The OTB is the combined payment of three provincial benefits for Ontario residents. You need to…
