Canada’s Budget 2023: What it means for you and your family + MORE Apr 1st

Air Canada Aeroplan has announced a further extension on the pause of points expiry to September 2024. The airline first paused points expiry during the pandemic and even as the world began to emerge from Aeroplan continued to extend the pause. The last extension was until May 31, 2023 but with today’s news they will […]
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Money scripts impact our thoughts, feelings and beliefs about money. But did you know they were written for us generations ago? And not just by our parents, but our grandparents, great-grandparents, long-ago ancestors. Even cultural influences have a hand in writing them. When left unexamined, money scripts remain in the unconscious and can lead to behaviours that negatively impact our finances. And understanding them can help people improve their relationship with money, psychologists have found (more on the research later).

Like what? Here are some examples of damaging behaviours that are caused by unrecognized money scripts:

Overspending Avoiding reading financial statements, bank balances and credit card balancesExcessive savings, a.k.a. financial hoardingObsessing with the markets an actively day trading without thinking considering risk Spending money as a status symbolPutting work ahead of friends and family

Understanding your money scripts can be key to developing a healthier relationship with money and achieving your financial goals…

The annual budget speech marks the introduction of new policies, tax measures and fiscal updates from the federal government. Here’s a roundup of key items from the 2023 budget that could impact your personal finances. Most of them will likely become law over the coming year.

A new one-time grocery rebate

In recognition of inflation’s high impact on food prices, the budget proposes a one-time grocery rebate that would be payable to recipients of the goods and services (GST) tax credit. The quarterly GST credit—the remaining payments for 2023 are in April, July and October—is payable to low-income and modest-income taxpayers based on their previous year’s tax return.

The new grocery rebate would be issued as soon as the legislation has passed. The rebate would provide couples with two children with up to $467, single Canadians without children up to $234, and seniors with an average of $225. Although the rebate is tax-free, it’s relatively small and only payable to current GST tax credit recipients…