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How AI is helping Canadians budget, save, and tackle debt Aug 1st
Canadians are increasingly turning to artificial intelligence for help with their money. From smart budgeting tools to automated investing apps, AI is quickly becoming part of how we manage our finances.
According to research by Ipsos Canada, commissioned by BMO, 33% of Canadians use AI tec.... More »
Should you leave corporate savings in your company? + MORE Mar 1st
I have $1 million accumulated in my corporate account. I don’t need that money for my corporation. What is the best way to take that money out with minimal tax? I’m 39 and I’m not planning to retire soon.—Chris
Withdrawing money from a corporation to invest
One of the first things to i.... More »
Best Canadian Prime Day deals: These day one deals are still hot - Android Central Oct 14th
Best Canadian Prime Day deals: These day one deals are still hot Android CentralTake advantage of these Amazon Prime Day deals to stock up on household essentials Yahoo Canada Shine OnCalgary retailers hoping to cash in during Amazon Prime Day, kicking off holiday shopping seas.... More »
Adopt a pet during the pandemic? You might need to budget more than you think Sep 1st
Adopting a cat or dog is a significant investment. Bowls, beds, leashes, crates, microchip tracking, nail trimmers, poop bags and litter boxes, flea or tick prevention, food, adoption fees, vaccinations, unplanned vet bills; the list goes on, Lesley-Anne Scorgie writes, so be financially prepared..... More »
Deficit soars to $78.3 billion as Carney budget bets big on 'investment' spending while slashing public service Nov 5th
Carney’s minority government stakes its survival on the plan that books more than $141 billion in new federal spending over the next five years..... More »
Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago – TechCrunch
– news.google.ca
Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago TechCrunch’If you’re a shareowner in Amazon, you may want to take a seat’ — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response CNBCAmazon posts higher 1Q sales on coronavirus-driven spending, sees $4B in 2Q costs Yahoo Canada FinanceAmazon posts Q1 2020 revenue, commits $4 billion USD to workplace safety MobileSyrupAmazon’s Q2 forecast weighed down by $4-billion in COVID-19 related costs, shares fall Financial PostView Full coverage on Google News
Apple Earnings Beat as Services Strength Softens Blow to iPhone Sales – Investing.com
– news.google.ca
Apple Earnings Beat as Services Strength Softens Blow to iPhone Sales Investing.comApple reports flat revenue and does not offer guidance because of coronavirus uncertainty CNBCApple boosted by streaming services despite lockdown BBC NewsApple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future The Globe and MailApple profit slips as revenue edges higher in pandemic RFIView Full coverage on Google News
On April 8, 2020, the Insurance Bureau of Canada released the following statement:
To help Canadians cope with the financial impact of COVID-19, the Insurance Bureau of Canada (IBC) member companies are offering substantial consumer relief measures. For consumers whose driving habits have changed significantly, IBC member companies are offering reductions in auto insurance premiums to reflect this reduced risk. IBC expects this could result in $600 million in savings to consumers. The reductions will continue for the next 90 days.
Additionally, insurers have supported Canadians and businesses who are most adversely affected by honouring requests to defer auto insurance premiums. Thousands of Canadians have had their premiums deferred.
The Insurance Bureau’s grand general statement, and the imprecise media reporting that followed, contributed to confusion among Canadian drivers. Yes, $600-million is a whole lot of money, but it has to be divided among more than 20 million personal use vehicles registered in Canada, for a rough average of $30 per vehicle…
To help Canadians cope with the financial impact of COVID-19, the Insurance Bureau of Canada (IBC) member companies are offering substantial consumer relief measures. For consumers whose driving habits have changed significantly, IBC member companies are offering reductions in auto insurance premiums to reflect this reduced risk. IBC expects this could result in $600 million in savings to consumers. The reductions will continue for the next 90 days.
Additionally, insurers have supported Canadians and businesses who are most adversely affected by honouring requests to defer auto insurance premiums. Thousands of Canadians have had their premiums deferred.
The Insurance Bureau’s grand general statement, and the imprecise media reporting that followed, contributed to confusion among Canadian drivers. Yes, $600-million is a whole lot of money, but it has to be divided among more than 20 million personal use vehicles registered in Canada, for a rough average of $30 per vehicle…
What you need to know about this year’s tax-filing extension
– moneysense.ca
April 30 lost its infamous place in the spotlight this year, given that the federal government has extended the traditional income tax filing and payment deadlines to help Canadians affected by COVID-19.
Most of us get an extra month to file, until June 1, 2020, and an additional four months to pay up, until Sept. 1, 2020, if there are any amounts owing for the 2019 tax year. While returns for self-employed filers are still due June 15, as is the case every year, those with 2019 taxes owing also have until Sept. 1 to remit payment, instead of the usual April 30 deadline.
Still, many Canadians are unclear about the details of these changes. For example, if you take the payment extension, will penalty and interest charges apply? And what’s the deal for self-employed filers who collect and remit GST/HST?
So, we researched the new Canada Revenue Agency guidance and spoke with Nicholas Cheung, CPA, CA, a Toronto-based accountant and financial educator, to get answers on these and other frequently asked tax-filing questions…
Most of us get an extra month to file, until June 1, 2020, and an additional four months to pay up, until Sept. 1, 2020, if there are any amounts owing for the 2019 tax year. While returns for self-employed filers are still due June 15, as is the case every year, those with 2019 taxes owing also have until Sept. 1 to remit payment, instead of the usual April 30 deadline.
Still, many Canadians are unclear about the details of these changes. For example, if you take the payment extension, will penalty and interest charges apply? And what’s the deal for self-employed filers who collect and remit GST/HST?
So, we researched the new Canada Revenue Agency guidance and spoke with Nicholas Cheung, CPA, CA, a Toronto-based accountant and financial educator, to get answers on these and other frequently asked tax-filing questions…
