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Latest News
How to buy bitcoin in Canada (and find out where, too) + MORE Apr 20th
What’s the big fuss about holding bitcoin in Canada? If you’re a MoneySense reader, you already know that bitcoin is increasingly major news. The standard-bearer of cryptocurrencies (also referred to as digital or virtual currencies) has been soaring in value. Despite some pretty major fluctuati.... 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 »
Want to save money on gifts? Embrace holiday sales, and start early Nov 23rd
Have you started your holiday shopping yet? Plenty of Canadians are hitting “Add to cart” extra-early, whether they’re buying for Christmas, Kwanzaa or Hanukkah. Last year, supply-chain issues frustrated shoppers. The shipping delays have improved somewhat this year, but now inflation and tigh.... More »
On the Street: Drivers react to B.C.'s driver gas price rebate - Kelowna News - Castanet.net Mar 26th
On the Street: Drivers react to B.C.'s driver gas price rebate - Kelowna News Castanet.netBC's gas relief rebate met with criticism CBC News: The NationalB.C. government announces gas relief rebate of $110 for ICBC customers CBC.caDrivers to receive $110 rebate throu.... More »
Capital gains tax in Canada, explained + MORE Jan 31st
Capital gains tax highlights
Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion rate being changed as of June 25, 2024, it has since been delayed until 2026 by the Department of Finance Canada. Here’s what is proposed. For individuals, the inclusion rate is eithe.... More »
Lawyers for Ghislaine Maxwell propose $28.5M bail package, including armed guards – Global News
– news.google.ca
Lawyers for Ghislaine Maxwell propose $28.5M bail package, including armed guards Global NewsGhislaine Maxwell proposes $28.5M bail package, secured by all of her and her husband’s assets National PostGhislaine Maxwell proposes $28.5M bail package Toronto SunGhislaine Maxwell and her husband offer $28.5million bail package with armed guards Daily MailGhislaine Maxwell’s husband calls her ‘wonderful & loving’ as he makes $28.5M bail bid including 24/7 armed gu The SunView Full coverage on Google News
Breaking Down the 50/30/20 Budget
– investitwisely.com
No two budgets are created equal. Every household needs to focus on creating a budget that takes into consideration their unique income and expenses, their financial goals and their lifestyle dreams. Plus, budgets shift over time as needs and wants change, so a household’s budget might look different from how it was a few months prior.Still, there are some common budgeting styles that guide beginners in budget creation. One of the most popular is the 50/30/20 budget — but what is this budget and why does it work as a jumping-off point for so many in personal finance? Read on to find out.
50/30/20 Basics
The 50/30/20 budget isn’t difficult to understand, which is why it is such a popular beginner budget. Simply put, the budget divides a person’s (or household’s) after-tax income into three categories: needs, wants and savings.
It is important to note that the 50/30/20 budget is best for those with roughly average income. Because needs do not increase or decrease in cost based on income level, those with high or low income won’t be able to adhere to the budget without being remarkably wasteful…
“How do I become a money coach in Canada?”
– moneysense.ca
Q. I was reading an interesting MoneySense article entitled, “Should you change careers and become an investment advisor?” and I was wondering where someone can get their qualifications or certifications to become a money coach in Canada. I’ve tried some general web searches but it hasn’t turned up much.
–Cynthia
A. Congratulations, Cynthia: You currently have all the education and credentials you need to open a financial planning practice right now, in Ontario. The most important thing for your success is to pick a business name that exudes confidence, experience, and trustworthiness. Something really attractive to unsuspecting clients.
Forgive my sarcastic sense of humour, but the sad truth of it is that while a few organizations, such as The Financial Planning Association of Canada (FPAC) and Money Coaches Canada, uphold specific standards, in Ontario and most other provinces, anybody can call themselves a financial planner, a money coach, or almost any other variation…
–Cynthia
A. Congratulations, Cynthia: You currently have all the education and credentials you need to open a financial planning practice right now, in Ontario. The most important thing for your success is to pick a business name that exudes confidence, experience, and trustworthiness. Something really attractive to unsuspecting clients.
Forgive my sarcastic sense of humour, but the sad truth of it is that while a few organizations, such as The Financial Planning Association of Canada (FPAC) and Money Coaches Canada, uphold specific standards, in Ontario and most other provinces, anybody can call themselves a financial planner, a money coach, or almost any other variation…
