How to make the most of your compensation Jun 19th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Selling a cottage to a family member: What that means for capital gains Jul 18th

AskMoneySense I shared a cottage property with my brother. I sold my half to my half to my niece. Do I have to pay capital gains tax? If so, how do you calculate this? How do you determine the adjusted cost base? What expenses can be applied? —Terry What happens when you sell your cottage t.... More »

How much income do I need to qualify for a mortgage in Canada? + MORE Jun 19th

The Bank of Canada made a long-awaited rate cut on June 5, but the effects of lower mortgage rates have yet to trickle down into housing market data. That was evident in May, as real estate affordability continued to worsen for would-be home buyers. The latest monthly affordability report from Ra.... More »

6 things to consider before borrowing from the Bank of Mom and Dad for your first home Jul 10th

As homes remain unaffordable to many Canadians, more and more young adults are turning to the Bank of Mom and Dad to help with a down payment or with mortgage payments. A recent CIBC survey showed that 31% of first-time home buyers in Canada received financial help from their parents or a relative, .... More »

MoneySense at the MoneyShow: The Top ETFs in Canada for 2024 and the Market Trends to Follow + MORE Jul 23rd

MoneySense is at the MoneyShow. Get your complimentary ticket to join MoneySense for the session “The Top ETFs in Canada for 2024 and the Market Trends.” To help find promising opportunities, while avoiding more troublesome risks, joining MoneySense and 70 plus other world-class investment e.... More »
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Making sense of the markets this week: July 14, 2024 Jul 12th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Are U.S. rate cuts on the way? While Canada’s inflation rate is obviously at the forefront around decision making.... More »
How much money do you make? Many people zero in on their paycheques when considering their compensation. Yet experts say workers should regularly check that they’re taking advantage of vacation time and other benefits, lest they leave money on the table. 

Employees often receive other considerations such as benefits and health insurance, said Cindy Marques, a certified financial planner and co-founder of MakeCents.

“That will result in dollars saved,” she said. “And essentially, dollars in your pocket when you think about not having to outlay that money yourself.” 

People often forget what’s included in their package or don’t keep up with changes to group plans, Marques said.

Make use of company perks and benefits

Jillian Climie, a compensation expert and co-founder of Vancouver-based consulting company The Thoughtful Co., said employees should take time to research and read up on what the company has to offer in perks and benefits before seeing a human resources representative…

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