How Much Is Welfare In Ontario?

Welfare, also known as social assistance, is a government-funded program that provides financial support to individuals and families in need. In Ontario, Canada, the welfare system is administered by the Ministry of Community and Social Services (MCSS) and is intended to help individuals and families who are unable to support themselves financially. The program is…

ByJohn WilsonJanuary 29, 2023

Personal Finance

Canadian Tuition Tax Credit (CTTC) Explained

The Canadian Tuition Tax Credit (CTTC) is a tax credit available to Canadian residents who have paid tuition fees for post-secondary education. This credit can help alleviate the financial burden of tuition for students and their families, and it is an important aspect of the Canadian tax system for those pursuing higher education. Who Can…

ByJohn WilsonJanuary 28, 2023

Personal Finance

Ontario Student Assistance Program (OSAP) Explained

As a financially savvy Canadian, you may be aware of the various government-funded assistance programs available to students. These programs help students who can’t live off their student job in Canada. The Ontario Student Assistance Program (OSAP) is a valuable resource for those looking to further their education without incurring an overwhelming amount of debt.…

ByJohn WilsonJanuary 27, 2023

Investing

Everything You Need To Know About TFSA Transfers

Table of Contents Can I Transfer Funds From My TFSA To Another TFSA Account? Is There A Limit On How Many Times I Can Transfer Funds From My TFSA? Are There Any Penalties For Transferring Funds From My TFSA? Can I Transfer My TFSA To A Family Member? Can I Transfer My TFSA To A…

ByJohn WilsonJanuary 26, 2023

a seedling sprouting from the earth, representing someone starting to invest in canada

Investing

How To Start Investing In Stocks In Canada

Are you ready to start building your wealth through investing in the stock market? Great! As a Canadian, you have access to a diverse range of options for buying and selling stocks. In this blog post, we'll go over the basics of how to start investing in stocks in Canada. First, let's define what we…

ByJohn WilsonJanuary 25, 2023

person in a wheelchair, representing ODSP & Payment Dates

Important Dates Resources

Understanding ODSP & What The Payment Dates Are

If you're a resident of Ontario and you're living with a disability, you may have heard of the Ontario Disability Support Program (ODSP). But what is ODSP, exactly, and how can it benefit you or your loved ones? Here, we'll explore the ins and outs of ODSP, including its eligibility requirements. We'll also cover the…

ByJohn WilsonJanuary 25, 2023

an icon of a canadian bank, representing transit numbers

Banking Personal Finance

What is a Transit Number in Canada?

Are you looking to make a money transfer or set up direct deposit for your paycheck in Canada? If so, you may have come across the term "transit number" and wondered what exactly it is and how it's used. In this blog post, we'll delve into the world of Canadian transit numbers and explain everything…

ByJohn WilsonJanuary 24, 2023

a bank vault, representing the safety of financial institutions

Banking Personal Finance

What is a Financial Institution Number (FIN) in Canada?

If you're a Canadian resident or business owner, it's likely that you've come across the term "Financial Institution Number" or FIN at some point. But what exactly is a FIN? How does it apply to you? The short answer is that The FIN is the 3-digit number identifying a financial institution. It is for example…

ByJohn WilsonJanuary 24, 2023

an american cheque sitting on a bank counter

Banking Personal Finance

How To Deposit A US Cheque In Canada?

Are you in need of depositing a U.S. dollar cheque in Canada, but not sure how to go about it? No need to worry – it's actually quite a simple process! Here's a step-by-step guide on how to deposit a USD cheque in Canada: 1. Verify If Your Bank Can Deposit A US Dollar Cheque…

ByJohn WilsonJanuary 23, 2023

Investing

RESP Deadline For 2022 and 2023

TLDR: The RESP deadline for the tax year 2022 was December 31, 2022. The deadline for the current tax year 2023 is December 31, 2023. It’s not too late to start now, unless your youngest child turns 18 this year. Reminder: the plan must be closed by the time the youngest child turns 31. Are…

ByJohn WilsonJanuary 23, 2023