Dow leads stocks up after GDP data as banks rally: Stock market news today - Yahoo Canada Finance Jun 29th
There are several supports and programs for first-time buyers in Canada, including the Home Buyers’ Plan, the new first home savings account (FHSA)—launched in 2023—and the First-Time Home Buyer Incentive. First-time home buyers may also be eligible for land transfer tax rebates.
Chances are, if you’ve used one of these incentives in the past, you won’t need to a second time. However, there are a variety of reasons you may want to participate in a first-time home buyer program again—and you might just qualify.
“It truly depends on the program you are asking about,” says Denise Laframboise, a mortgage broker with LaframboiseMortgage.ca in Brooklin, Ont. “Each program has its own criteria for [qualifying as a] first-time home buyer. It isn’t a one-size-fits-all across every program and every provincial or municipal incentive…
If you’re intrigued by the idea of working very remotely, here’s what you need to know, with financial and lifestyle tips from those who have been doing it since the dawn of digital nomadism.
Living the digital nomad life: Can you take your job on the road?
Nora Dunn, a content creator and former financial planner, is a long-time nomad. In 2006, she sold everything she owned—including her busy financial planning practice in Toronto—and went travelling. Burnt out from work, she realized she was unwilling to wait until retirement to pursue her lifelong dream of travel. What if, when the time finally came, she couldn’t for some reason? “It felt like a greater cost to me than the cost of selling everything I own,” says Dunn, who shares her adventures and travel tips on her blog, The Professional Hobo…
Those days are long gone. The number of Canadians covered by some form of pension-savings program at work—from the gold standard of defined benefit (DB) plans to the more recent shared-risk model of group RRSPs—has been in steady decline for decades.
Where did all the employer pension plans go?
Workplace pension plans are in decline as employers wrestle with costs, investment risk (in the case of DB pensions) and the trend toward greater reliance on contract workers. In the 30 years between 1989 and 2019, the percentage of total Canadian employees covered by registered pension plans fell from 43% to 37%, according to the federal Office of the Superintendent of Financial Institutions (OSFI)…