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Personal Income Tax Guide: The deadline for filing your 2021 return, tax brackets and more + MORE Dec 12th
The year 2021 has been a year about money, from the latest crypto to inflation to housing prices to taxes. While money trends can go up and down—or up and up for certain matters—taxes can be more predictable, if you’re prepared. This year’s MoneySense income tax guide includes the things you.... More »
The First Home Savings Account has some surprising benefits — even if you don’t end up with that home + MORE Apr 17th
The FHSA can be a good way for renters to save for a down payment even if they’re not sure about buying a home..... More »
I lost my home in a fire. Can I tap my LIRA to cover costs? + MORE Nov 16th
Q: My house was burnt in the Fort McMurray fire. I am now unemployed and my husband and I are struggling to make the mortgage payments on top of our rent payment. Our savings are now drained as well as money received from insurance—the town house was part of a condo and is being rebuilt.
We have.... More »
How to hang out with friends when you can’t afford to go out + MORE Oct 8th
Hayley Reid-Ginis knew her life was in for a shakeup when she decided to go back to college last September. She took on a student loan and had to cut some discretionary spending from her tightened budget—and even though she decided to continue working while going to school, it ultimately meant few.... More »
The best high-interest savings accounts in Canada for 2024 May 21st
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Should You Open A US Dollar Account?
– ratesupermarket.ca
With the Canadian dollar hovering around $0.70 U.S., those who live along the border or shop a lot in the U.S. are likely taking a financial hit. With the cost of exchanging money back and force between currencies likely to put a damper on your spending power, perhaps it’s time to consider getting a U.S. account?
There are a lot of benefits to be had from different types of U.S. accounts. The biggest benefit is the flexibility to exchange money when the rates are good and to hold onto those funds for when you need them. Having U.S. accounts generally decreases your conversion fees and allow you greater flexibility when spending money in the U.S.
They also allow you to potentially convert money at a third party money exchange which often offers better rates than banks. Converting larger amounts of money at a time could also offer you some savings at these third party money exchange companies.
But there are different types of U.S. accounts and each is helpful in different ways. One or more might be right for you and could potentially save you a significant amount of money over the long term…
Toyota Credit settles US discrimination allegations
– canadianbusiness.com
DETROIT – Toyota Motor Credit Corp. will pay $21.9 million to black and Asian borrowers as part of a settlement over alleged discriminatory lending.
The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday.
A government investigation found that dealers were marking up interest rates on loans to minority buyers between 2011 and 2016. Under the settlement, Toyota will cap the amount dealers can mark up a loan.
Toyota Motor Credit is the nation’s largest captive auto lender. The company denies wrongdoing and said it didn’t know the race of credit applicants, but agreed to the settlement because it was fair to customers and dealers.
Toyota is the latest auto lender to settle a discrimination case. Ally Financial and Honda’s U.S. finance arm have reached similar settlements.
The post Toyota Credit settles US discrimination allegations appeared first on Canadian Business – Your Source For Business News.
The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday.
A government investigation found that dealers were marking up interest rates on loans to minority buyers between 2011 and 2016. Under the settlement, Toyota will cap the amount dealers can mark up a loan.
Toyota Motor Credit is the nation’s largest captive auto lender. The company denies wrongdoing and said it didn’t know the race of credit applicants, but agreed to the settlement because it was fair to customers and dealers.
Toyota is the latest auto lender to settle a discrimination case. Ally Financial and Honda’s U.S. finance arm have reached similar settlements.
The post Toyota Credit settles US discrimination allegations appeared first on Canadian Business – Your Source For Business News.
4 Reaons Your RRSP Isn’t Making Any Money
– ratesupermarket.ca
By: Barry Choi
Although markets have rebounded slightly, 2016 has not been kind to investors. It’s tough to stomach any loss, but when it comes to our Registered Retirement Savings Plan (RRSP), some of us tend to overreact.
Since our RRSP is meant for long term savings, what’s happening now in the markets shouldn’t really matter. However if the value of our portfolio is declining or it hasn’t grown, it’s worth taking a second look at our investments to try and figure out if we’re on the right track.
Are Canadians Retirement-Ready? Check Our Our Video!>
Reason 1: The Markets are Down
This is the only reason why our portfolio would have decreased in value, and unfortunately that’s the situation we find ourselves in right now. Keep in mind that these downturns are perfectly normal; markets don’t always go up in value.
This is actually an opportunity for investors since stocks are on “sale”. Think about it: when prices are down, we’re able to buy more than we normally could; it’s similar to buying things on sale at the grocery store…
