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

email excerpt of the CRT Class Action interac transfer

Banking Personal Finance

CRT Class Action e Transfer (Is It A Scam?)

You may be wondering if an email you recently received about a class action payment is fraudulent or not. Something looking like this: What Does CRT Class Action Mean? A cathode ray tube (CRT) is a type of electrical device that is commonly used in televisions and computer monitors.…

ByJohn WilsonDecember 9, 2022

Budgeting Personal Finance Saving

RRSP Withholding Tax Rates & RRIF Implications

Withholding taxes on RRSPs may come as a surprise to some. Let’s start by covering the basics of what an RRSP is. A Registered Retirement Savings Plan (RRSP) is an investment account to save for retirement. It allows Canadians to earn tax-deferred savings on income and investments, which can help reduce the amount of taxes…

ByJohn WilsonDecember 9, 2022

Credit Cards Personal Finance

The 4 Best Prepaid Credit Cards In Canada

A prepaid credit card is a type of credit card that allows the user to load money onto the card in advance. This means that the card can be used like a normal credit card, but without the need for a line of credit or borrowing from a lender. Instead, the user pays for their…

ByJohn WilsonDecember 8, 2022

Banking Personal Finance

6 Things To Know About Canadian $10 Bills

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 7, 2022