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Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'? Jun 9th
The province is funding the investment through the Build Ontario Fund, a Crown agency with a mandate to invest in needed infrastructure that makes a profit..... More »
Ontario lifts tuition freeze, unveils OSAP reforms as it boosts university and college funding. Here's what it will mean for schools and students Feb 12th
Ontario is overhauling OSAP, so that financial aid will be mainly loans with far fewer non-repayable grants..... More »
American physicians moving to Canada: A prescription for cross-border success + MORE Aug 28th
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The clinical transition is often the easy part.... More »
Social media influencers Andrew and Tristan Tate arrested in Miami, US Marshals Service tells AP Jul 18th
Influencer brothers Andrew and Tristan Tate, whose social media empire promoting wealth, male dominance and misogyny has made them among the world’s most polarizing internet personalities, were arrested Saturday in Miami as British authorities sought their extradition on rape and….... More »
A tax guide for Canadians with disabilities May 3rd
It is the understatement of the century to say that being disabled is expensive. Many advocates refer to the added financial burden as the “disability tax”—the extra, unavoidable costs of living with a disability. In Canada, where about 27% of people identify as disabled according to Statistic.... More »
Setting expectations important when lending money to loved ones
– moneysense.ca
When a friend or family member asks for money, several thoughts might cross your mind, including whether or not it’s a good idea in the first place. Lending money to close friends or family can be a risky affair. There are chances you may not see that money again, and even worse, it could sour your relationship. Experts say loaning money to your loved ones isn’t as simple as a yes or no answer but a decision that heavily depends on context.
When you should say no to lending
If loaning money is going to set you behind, the answer should be a straight no, said Cindy Marques, certified financial planner and CEO of MakeCents. That’s because you may not be able to recoup the money, she said. “It’s fair to step in with the assumption that you may not get this money back,” she said. “If you can’t afford to not receive this money back, then you absolutely should not be lending the money.”
Refusing to lend is not selfish if it’s going to be to your detriment, Marques said…
