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TFSA contribution room calculator + MORE Apr 8th
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 »
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings - The Globe and Mail + MORE Dec 4th
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings The Globe and MailRBC reports Q4 profit rose to $4.2B despite softening Canadian economy BNN BloombergRoyal Bank of Canada reports $4.22-billion Q4 profit, raises quar.... More »
Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan - CBC News + MORE Oct 14th
Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan CBC NewsTruss dumps U.K. corporation tax freeze plan after firing ally BNN BloombergBritish finance minister Kwasi Kwarteng ousted as PM Liz Truss scraps part of tax plan The Globe and MailThis .... More »
FHSA withdrawal rules and and rental property advice for a first-time home buyer Oct 11th
Ask MoneySense
Would it be beneficial to open a first-time home buyer’s savings account if I was planning on buying a property soon, say, in 2023 or 2024?
If I purchase a house and live in the basement but rent out the main floor, would that still be taxed as capital gains?
Are there any inv.... More »
Can transferring ownership of a house help avoid probate tax? + MORE May 2nd
Ask MoneySense
I was having dinner with a friend and talking about inheritance tax regarding her parents’ house when they pass away. If they transferred ownership while the parents were still living, what would the impact of the inheritance tax be?
–Mary
Understanding inheritance tax in C.... More »
From being wired to spend to the emotional attachment to money, Shaun Maslyk unpacks how psychology can affect finances
– moneysense.ca
If you listen to The Most Hated F Word podcast, you probably already feel like you know its host, Shaun Maslyk. (And if you haven’t yet listened to the pod, grab a set of earbuds—stat). Maslyk is not only a Certified Financial Planner, but also a certified financial behaviour specialist, with a background in financial psychology, positive psychology and coaching psychology theories. As such, he is admittedly obsessed with analyzing how we feel about money. The podcast digs deep not only into his guests’ expertise but also into their personal motivations around spending, saving, investing and more. This time around, though, it’s Maslyk in the interview chair (or is it a therapy chaise?) to reveal his own truths about his relationship with money.
Who are your finance heroes?
David Chilton. When I was growing up, my dad gave me an unsigned cheque for $50 and a copy of David Chilton’s The Wealthy Barber. The deal was that if I read the book in two weeks, he would sign the cheque…
