How to go about securing the best savings strategy in Canada.
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Can You—And Should You—Co-sign on a Mortgage? + MORE Mar 28th
As average home prices in Canada top $500,000 (and rise above $1 million in cities like Toronto and Vancouver), some Canadians may wonder if they’ll ever be able to buy the place of their dreams. One option for some is to find another person—a parent, sibling or another close relative—to .... More »
China criticizes US steel anti-dumping measures + MORE May 18th
BEIJING, China – China has criticized Washington for imposing anti-dumping duties of more than 500 per cent on Chinese steel amid mounting tension over complaints Beijing is exporting at improperly low prices to clear a backlog at home.
The Commerce Ministry complained Wednesday that U.S. regu.... More »
Canadian Dividend All-Stars 2024: Past performance Jan 16th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
It’s all very well to recommend a list of dividend sto.... More »
RESP investing for busy parents + MORE Oct 17th
Saving for university isn’t always top of mind when you’re a busy new parent, knee-deep in diapers. Add the steep cost of daycare along with the stress of trying to juggle work and toddlerhood, and setting aside funds for your child’s post-secondary education can feel like an insurmountabl.... More »
Tax-free education savings: The ABCs of RESPs + MORE May 31st
RESPs are a tax-free vehicle for your child’s education funds that also qualify for the Canada Education Savings Grant..... More »
Family Tax Cut could disappear
– moneysense.ca
A busy parliamentary schedule may force families to pay back Family Tax Credit (Getty Images)Even as the Federal Conservatives trumpet their commitment to families, the current busy parliamentary schedule could scuttle legislation of the Family Tax Cut—forcing families to owe tax.
While family income tax savings, including the Family Tax Cut, became a reality last fall all the promises to families across Canada could be undone because of an obscure piece of parliamentary procedure. According to parliamentary rules the Family Tax Cut is not yet law until legislation has been passed. That means parliamentarians have until June to pass the legislation before they break for summer. Upon return in the fall, a federal election is expected, effectively deleting all potential legislation until a new government is officially elected. Not a significant problem on its own, except that the current busy parliamentary schedule could prevent legislation from being passed—and that’s happened before…
Credit Card Code of Conduct: Changes Announced for Fees and Mobile Payments
– ratesupermarket.ca
Conservative Finance Minister Joe Oliver announced new updates to the Credit Card Code of Conduct today, emphasizing three main changes intended to better serve both consumers and small businesses.
Here’s our breakdown of the main highlights:
1: Credit Card Interchange Fee Caps To Take Effect
A main addition to the Code is the implementation of interchange fee caps this month, following MasterCard and Visa’s voluntary agreement to reduce fees to an average of 10 per cent last November. The Code now mandates that the fee reductions be passed down to merchants, with the hope that it will result in savings for consumers.
Also Read: Credit Card Interchange Fees Changes Coming to Canada>
“This will save money for job creators and will save money for consumers,” Oliver stated, adding the measures will “promote fairness in the credit card market and provide choice for consumers.”
Interchange fees are part of the processing fees merchants must pay each time a credit card transaction is made…
