How to hang out with friends when you can’t afford to go out + MORE Oct 8th
A parents’ guide to home down payment gifts and loans + MORE Aug 20th

New to Canada? A new way to transfer your credit score + MORE Oct 29th

How to consolidate your registered accounts for retirement income in Canada + MORE Oct 1st

The best high-interest savings accounts in Canada for 2025 + MORE Feb 11th

The unemployment rate in Canada February 2024
Statistics Canada’s labour force survey on Friday, April 5, shows the jobless rate is up from 5.8% in February, marking the largest monthly increase in the unemployment rate since summer 2022. Employment was little changed last month, with the economy shedding 2,200 jobs, after modest increases over the last several months.
“The cracks that had been emerging within the Canadian labour market suddenly got a lot wider,” wrote CIBC’s executive director of economics, Andrew Grantham, in a client note.
The March jobs report is the last piece of major economic data the Bank of Canada (BoC) has to consider ahead of its next interest rate decision on Wednesday.
Featured accounts
sponsored
Hybrid savings account
Earn up to 4% interest on your savings…
These companies have laid off Canadian workers in 2024
– moneysense.ca

Featured accounts
sponsored
Hybrid savings account
Earn up to 4% interest on your savings. Plus, use the pre-paid Mastercard for everyday purchases and free ATM withdrawls.
go to site
featured
Online brokerage
Buy and sell stocks or ETFs with $0 commission on all transactions. No minimum deposit needed.
go to site
featured
Savings account
Save more every day with 5…
TFSA contribution room calculator
– moneysense.ca
powered by
Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-traded funds (ETFs), guaranteed investment certificates (GICs), bonds, stocks and, yes, plain old cash. While you do have to abide by the set amount of contribution room each year, any growth you earn on those investments will not affect your contribution room for the current year or years to come. Plus, the income earned is tax-free (more on that below). Any resident of Canada who is 18 or older and has a valid social insurance number can open a TFSA.
Featured TFSA Accounts
featured
Best TFSA savings account
Earn 3% interest tax fee tax-free interest with flexible withdrawals and zero fees…
How to Improve Your Employees’ Financial Wellness
– canadianbusiness.com
Employers can help employees plan for their future; whether it’s for homeownership, retirement or their child’s education—there’s a group savings plan for every financial goal. To achieve this, employers can benefit from a well-tailored program with a comprehensive registered pension or retirement savings plan customized to the needs of their business and their employees.
Financial planning made easy
“A key aspect of the support we provide is access to financial advice and guidance from an extensive network of professionals to fit employers’ business needs,” says RBC Group Advantage vice-president Doug Crowe…
How to change a past tax return
– moneysense.ca

I have non-registered investment management fees from 2021 and 2022 that were not claimed on my returns for those years. Can they be deducted on my 2023 return? If not, is there another way to utilize those deductions now?
—Ian
How to change a tax filing to claim investment management fees
If you pay investment management fees for your non-registered investment account, the fees are generally tax deductible, Ian. They can be claimed on line 22100—carrying charges, interest expenses and other expenses. Fees paid for tax-preferred accounts like tax-free savings accounts (TFSAs) or registered retirement savings plans (RRSPs) are not deductible.
According to the Canada Revenue Agency (CRA), two types of fees are eligible to deduct:
“fees to manage or take care of your investments,”
and “fees, other than commissions, paid for advice on buying or selling a specific share or security by the taxpayer or for the administration or the management of the shares or securities of the taxpayer…