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What is DeepSeek, the Chinese AI company upending the stock market? Jan 28th
A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fuelling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology.
DeepSeek’s AI assistant became the No. 1 downloade.... More »
The best GIC rates in Canada for 2025 + MORE Mar 17th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
US stocks and dollar slide after Trump attacks Fed chair Powell - BBC + MORE Apr 22nd
US stocks and dollar slide after Trump attacks Fed chair Powell BBCUS dollar hits three-year low after Trump intensifies attack on Fed chair Powell – business live The GuardianStock markets tumble as investors pull back from American assets CBCTrump warns U.S. econ.... More »
The after-effect of market lows: a drop in fixed mortgage rates Aug 7th
When markets drop like they did on Monday, you may not immediately think of the impact on mortgage rates. We’ve been relying on the Bank of Canada to nudge rates lower, namely for variable mortgages. But fixed mortgages got a news headline-worthy update today, thanks to bonds, which are reacting t.... More »
Tesla Earnings Miss. Elon Musk Call Looms. (Live Coverage) - Investor's Business Daily Oct 22nd
Tesla Earnings Miss. Elon Musk Call Looms. (Live Coverage) Investor's Business DailyTesla Stock Falls Ahead Of Q3 Earnings -- Investors Brace For Big Reveal Yahoo FinanceProfits at Musk’s car company plunged again last quarter even as it sold more vehicles CityNews.... More »
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide
– moneysense.ca
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns. But, first, let’s look at the upcoming deadlines.
What’s new for taxes?
New alternative minimum tax changes: As of January 1, 2024, the AMT rate is 20.5% (previously 15%). Essentially, the AMT is a minimum level of tax for Canadians who claim certain deductions, exemptions and/or credits to reduce how much personal income tax they pay. The change doesn’t apply to 2023 income tax returns, though, and thankfully it doesn’t apply to most Canadians.
Deadline extended for underused housing tax (UHT): For residential property owners with vacant or underused real estate who owed the UHT from their 2022 income tax return and have yet to pay it, know that the Canada Revenue Agency (CRA) extended the due date to April 30, 2024, with penalties waived…
