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Should you take extra RRIF withdrawals to increase your estate? + MORE Nov 26th
Ask MoneySense
I have a RRIF that is worth approximately $250,000 at the moment. My two children are the beneficiaries. Obviously, I am hoping to somehow reduce any tax on this RRIF income when I die. Is my taking more out of the RRIF and paying the tax each year the best way to do this? Do you have.... More »
Nvidia Rallies Ahead Of Earnings Call (Live Coverage) - Investor's Business Daily + MORE Feb 25th
Nvidia Rallies Ahead Of Earnings Call (Live Coverage) Investor's Business DailyNVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2026 NVIDIA NewsroomNvidia delivers another quarter of stellar growth amid growing concern over AI economy Toronto StarLive.... More »
So you fell short of your financial goals in 2025—here’s how to do better Dec 26th
Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Dec 2nd
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
The best Visa credit cards in Canada for 2025 Apr 4th
Visa credit cards are some of the most widely accepted credit cards in Canada and abroad. And given Visa’s vast selection of cards, it’s easy to find one that suits your needs. So, which should you choose? MoneySense’s guide to the best Visa credit cards in Canada will help you decide.
.... More »
US economy surprises with faster than expected growth – BBC.com
– news.google.ca
US economy surprises with faster than expected growth BBC.comU.S. economy shrugs off recession prediction with strong fourth-quarter performance The Globe and MailU.S. economy grows more than expected at end of 2023, driven by consumer spending CBC NewsU.S. GDP unexpectedly grew by 3.3% last quarter. What this means for the Fed Global NewsStock market today: S&P 500 hits fresh record as Tesla slides on earnings gloom Yahoo Canada Finance
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide
– moneysense.ca
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns. But, first, let’s look at the upcoming deadlines.
What’s new for taxes?
New alternative minimum tax changes: As of January 1, 2024, the AMT rate is 20.5% (previously 15%). Essentially, the AMT is a minimum level of tax for Canadians who claim certain deductions, exemptions and/or credits to reduce how much personal income tax they pay. The change doesn’t apply to 2023 income tax returns, though, and thankfully it doesn’t apply to most Canadians.
Deadline extended for underused housing tax (UHT): For residential property owners with vacant or underused real estate who owed the UHT from their 2022 income tax return and have yet to pay it, know that the Canada Revenue Agency (CRA) extended the due date to April 30, 2024, with penalties waived…
