calculator, pen and paper on a desk of someone doing their taxes

4 Things You Need To Know About A T4E

A T4E is a type of tax slip that is issued in Canada to individuals who have received employment insurance (EI) benefits or who have received certain types of income from the government. The T4E slip is used to report this income to the Canada Revenue Agency (CRA). That is the federal agency responsible for…

ByJohn WilsonDecember 15, 2022

employee about to write a resignation letter and wondering about his pension

Personal Finance Saving

What Happens To My Pension Plan If I Leave My Employer?

When you leave your employer in Canada, one of the things you may be wondering about is what happens to your employee pension plan. This is an important consideration, as your pension plan may provide a significant source of income during your retirement years. The rules and regulations governing employee pension plans in Canada vary.…

ByJohn WilsonDecember 14, 2022

Investing Real Estate

Is It Legal To Add A Basement Suite To My Home?

Are you looking to rent out a secondary suite or basement apartment in Canada, but aren't sure if it's legal? It's important to understand the laws and regulations governing these types of rental units. Else, you may have potential fines or legal issues. In this blog, we'll provide a clear definition of what constitutes a…

ByJohn WilsonDecember 14, 2022

Personal Finance

5 Estate Planning Mistakes To Avoid In Canada

Estate planning is a crucial step in ensuring that your assets are distributed according to your wishes after you pass away. Unfortunately, many people make costly mistakes when it comes to estate planning in Canada. At Clever Banker, we like to write about costly mistakes others have made to help you learn from them (read…

ByJohn WilsonDecember 13, 2022

Personal Finance Saving

8 Tips To Save Money On Taxes In Canada

Table of Contents 1. Take advantage of tax deductions and creditsThe Basic Personal Amount The Canada Child Benefit The Age Amount The Disability Amount The Medical Expense Tax Credit 2. Use Registered Savings Plans 3. Consider tax-efficient investments 4. Keep good records 5. Claim work-related expensesTools And Equipment Uniforms And Clothing Travel And Transportation…

ByJohn WilsonDecember 13, 2022

programmer laptop with lines of code. Constellation Software buys WideOrbit and spins out Lumine Group

Financial News Markets

Constellation Software’s Lumine Group buys WideOrbit and files preliminary prospectus for spin-out

Constellation Software is a company that specializes in acquiring, managing, and building specialized software businesses. The company's business model is centered around acquiring niche software companies, helping them to grow and expand their operations, and then managing them as part of its portfolio. This allows Constellation Software to generate revenue from a diverse range of…

ByJohn WilsonDecember 12, 2022

pennies spilled on a table to pay debt or to invest

Debt Personal Finance Saving

Should You Pay Your Debts Or Invest Money?

It's a common question many people face: should I pay off my debt or invest my money? The answer isn't always straightforward, and it ultimately depends on your individual financial situation. In this blog post, we'll explore the pros and cons of both paying off debt and investing. We will also provide some guidance on…

ByJohn WilsonDecember 12, 2022

coins at different stages of life, representing new and old investments

Investing

How Often You Should Review Your Investments

As a general rule, it's a good idea to review your investments at least once a year. This will allow you to see how your investments have performed over the past year and make any necessary adjustments to your portfolio. That's true if you don’t actively manage your investments and you’re in the middle of…

ByJohn WilsonDecember 12, 2022

plants growing on money, meaning investing is coming to fruition

Investing Stocks

Why Mutual Funds Are Worse Than ETFs

A mutual fund is a type of investment vehicle that pools money from many investors. It then uses that money to buy a diversified portfolio of stocks, bonds, or other securities. Mutual funds are managed by professional investment managers. These managers use their expertise to select the individual assets that make up the fund's portfolio.…

ByJohn WilsonDecember 11, 2022

bill of sale being produce in a machine in Alberta

Resources

Alberta Bill Of Sale

Buying a used vehicle can be a good tactic to save on costs, namely transport and secure a balanced budget, or just save money. Selling a used vehicle is just part of the lifecycle of owning a vehicle. In cases where you sell the vehicle to an individual in Alberta, you will need to produce…

ByJohn WilsonDecember 10, 2022