MoneySense 2021 Holiday Gift Guide + MORE Dec 14th

TSX getting you down? There are always sound investment alternatives.

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You have to sell a cemetery plot—will you owe capital gains tax? + MORE May 21st

Ask MoneySense I am the executor of an estate that includes an empty cemetery plot. Is this plot subject to a capital gains tax when I sell it for the estate beneficiaries? —Brian Taxes on the sale of a cemetery plot As real estate prices have risen and as vacant land for cemeteries in b.... More »

Staff-less Convenience Stores Could Soon be the Norm Feb 10th

John Douang grew up helping his parents at their independent grocery store in Toronto. “Seeing how hard they had to work pushed me,” he says. “My parents worked 14-hour days seven days a week. When they wanted to take a vacation, they had to close the store because they couldn’t afford to hi.... More »

Should this DIY investor go all in on this international ETF? May 29th

Ask MoneySense I am seriously considering investing in ETFs. Is there a penalty or limit into investing solely on an international ETF such as XAW?—Michael Exchange-traded funds (ETFs) can be a great investment tool, Michael. There are over 900 ETFs listed on the TSX right now, according to th.... More »

Top financial innovations of the last 25 years + MORE Feb 27th

To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products to online services and developments in artificial intelligence, these are some of the biggest.... More »

Kim Kardashian’s Work Advice for Women Is Out of Touch and Insulting Mar 12th

When Kim Kardashian recently told Variety that her advice to women on how to succeed was, “get your fucking ass up and work,” it was an affront to everyday, hard-working people—particularly the ones that make up her massive audience. Despite the Kardashians’ insistence that their ballooning .... More »

How the First-Time Home Buyer Incentive works

– moneysense.ca

One of the hurdles standing between Canadians and their first home purchases are the hefty down payments that come with the country’s remarkably high real estate prices. The federal government knows this, and it wants to lend a hand. That’s where the First-Time Home Buyer Incentive (FTHBI) comes in.

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First brought into force in 2019, the FTHBI was designed to make home ownership more affordable by offering qualifying home buyers an interest-free loan to put towards their down payment. In today’s sellers’ market, that’s an incentive that rightfully captures the attention of many first-timers—though the program does have its limitations and drawbacks, as we outline below.

The idea behind the FTHBI is simple: by covering a portion of your down payment, the government reduces the size of the mortgage you need to borrow, which has the added benefit of lowering your recurring mortgage payments…

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MoneySense 2021 Holiday Gift Guide

– moneysense.ca

Need gift ideas? We have great money-themed presents for everyone on your list. You’ll find gifts that enhance security, teach financial skills, save money (now and in the future) and more.

1. Fraud-proof wallet

If you know someone who’s worried about their credit card being hacked, this wallet is the perfect present. Turns out, the same tech (radio frequency identification, a.k.a. RFID) behind that convenient “tap” feature also makes it possible for scammers hovering nearby to scan your cards and steal account information—a type of fraud known as “skimming.” RFID wallets, like this one by Bentley, block electronic pickpocketing, keeping your money in order in more ways than one. It also has 15 card slots, so if you’re a point collector, you’ll be covered on that front, too. Bentley Un Jour à la Fois RFID slim wallet, $39.99.—Courtney Reilly-Larke

2. Smart thermostat

They may fall on the pricier side, but smart thermostats, like Ecobee and Google Nest, offer plenty of energy- and money-saving potential…

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