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How life insurance can shave your capital gains tax + MORE Sep 24th
Q: My husband and I bought life insurance in 2008. At that time, I was 44 and a non-smoker, and he was 46 but a former smoker. Each of us is insured for $250,000. The monthly premiums have been a total of $142.50 since we took out the policy—$58.90 for me, and $83.60 for him. In 2018, when my hus.... More »
Where to find and apply for COVID-19 financial relief Aug 23rd
The COVID-19 outbreak has dealt a shock to our economy, shuttering entire industries and leaving many more businesses in limbo, forcing layoffs and loss of income on many people. Fortunately, the Canadian government and several other institutions are offering financial relief for Canadians during th.... More »
TFSA contribution room calculator + MORE Apr 9th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
A comfortable retirement is closer than you think + MORE Sep 4th
If you live like a typical Canadian then you might not have to save as much as you think for retirement.
Before determining how much Canadians need to save, it’s important to get a handle on how much they spend. A visit to Statistics Canada reveals that the average Canadian household spent $79.... More »
Video: Do you really need condo insurance? Dec 6th
Condo insurance is what it sounds like: coverage for your condominium. But watch this video to learn exactly what it covers and the difference between your condo policy and the policy of your home owner association (HOA) or condo corporation. It’s worth a few minutes of your time.
Watch: Mone.... More »
Averting the Disability-Insurance Meltdown
– online.wsj.com
The out-of-control $150 billion program is in urgent need of reform.Will The Bank of Canada Cut Rates Again in March?
– ratesupermarket.ca
When OPEC’s supply standoff initiated oil’s price slide last November, few foresaw just how quickly the commodity’s value would plunge. Equally surprising was how rapidly Canada’s economic policy makers reacted with a January rate cut that caught many - including the big banks – off guard. Now, as the next Overnight Lending Rate announcement looms on March 4th, borrowers and economists speculate whether the Bank of Canada has more “economic insurance” in store.
Inflation’s Slump Hikes Chances
The likelihood of another rate cut hovers at 53 per cent according to overnight swap pricing, and worsening economic factors provide additional rationale; oil’s prolonged drop is feared to push inflation levels to negative territory in the first half of the year. In a speech this week, Bank of Canada Deputy Governor Agathe Côté stated the BoC anticipates inflation to fall as low as 0.3 per cent or below in Q2 before recovering moderately to 1.2 per cent by next winter.
Côté affirmed low inflation was a significant contributor to the BoC’s January rate decision, stating, “The cut in policy rate is intended primarily to provide insurance against the downside risks to inflation…
Inflation’s Slump Hikes Chances
The likelihood of another rate cut hovers at 53 per cent according to overnight swap pricing, and worsening economic factors provide additional rationale; oil’s prolonged drop is feared to push inflation levels to negative territory in the first half of the year. In a speech this week, Bank of Canada Deputy Governor Agathe Côté stated the BoC anticipates inflation to fall as low as 0.3 per cent or below in Q2 before recovering moderately to 1.2 per cent by next winter.
Côté affirmed low inflation was a significant contributor to the BoC’s January rate decision, stating, “The cut in policy rate is intended primarily to provide insurance against the downside risks to inflation…
