Canadians using their tax refunds to tackle debt + MORE Jun 7th

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Compare the best savings accounts in Canada for 2023 + MORE Sep 11th

Save The best savings accounts in Canada for 2023 Here are the best accounts to hold your savings. Compare now Scan the savings account comparison table above to view interest rates offered by financial institu.... More »

What happens to your spouse’s TFSA if they die + MORE Jan 11th

Q: My brother recently died and my sister-in-law is his beneficiary. We are unclear what happens with his TFSA, i.e. how can it be turned over ‘in kind’ to her if her TFSA is already maximized? Wouldn’t it have to be cashed out for her to invest as she wishes, she just wouldn’t have to cla.... More »

A quick and easy primer on capital gains tax + MORE Jan 11th

Q: Can I save capital gains tax by putting money into a TFSA? Do I have to pay capital gains tax if I sell one investment to buy another investment? —M A: I have had a couple of questions lately about selling one investment and buying another to avoid capital gains tax, M. Given the end of the .... More »

Greek banks reopen with cash withdrawal limits + MORE Jul 21st

ATHENS, Greece – Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain. In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withd.... More »

“Should I loan investments or money to my spouse?” + MORE Aug 2nd

Q. I’m 38 years old and have been married for 10 years. I would like to set up a spousal loan to my wife, who works part-time while raising our two young sons. How would I go about doing this correctly? And is there any special consideration of a cash versus “transfer-in-kind” of stocks, other.... More »