What Is The Value Of A Canadian $2 Bill?

Are you feeling nostalgically Canadian today? Is a roll of toonies just not cutting it for you? Do you want to pull out a good old fashioned $2 bill to pay for your double-double at Tim Hortons? Well, hold on to your maple leaf-covered wallets because you might be surprised to learn about the value…

ByJohn WilsonJanuary 19, 2023

the wealthy barber david chilton front cover

Resources

The 10 Best Financial Literacy Books

Financial literacy is an important skill to have, no matter where you live in the world. But as a Canadian, it's especially crucial to have a strong understanding of financial concepts and strategies. After all, we live in a country with a strong economy, high standard of living, and access to a wide range of…

ByJohn WilsonJanuary 18, 2023

Bank of Canada one dollar note 1935, front side

Banking Personal Finance

What Is The Value Of A Canadian $1 Bill?

As Canadians, we often take our currency for granted. We pull out a toonie to pay for our morning coffee or swipe our debit cards without a second thought. But have you ever stopped to consider the value of an old Canadian $1 bill? The answer ranges from $1 to $7000. We’ll see why in…

ByJohn WilsonJanuary 18, 2023

man jumping over a stack of money he got from a tax credit

Resources

Canada Training Credit Limit Amount

As a Canadian, there's no denying that we have a lot to be proud of when it comes to our country's world-class education system. From the coveted degrees offered at our top universities, to the comprehensive training programs available to workers in a variety of fields, Canada truly has something for everyone when it comes…

ByJohn WilsonJanuary 17, 2023

Investing

Total TFSA Contribution Room In 2023

TLDR: If you turned 18 years old in 2009 or before: $88,000. As a Canadian, you've probably heard about the Tax-Free Savings Account (TFSA) and its numerous benefits. However, if you've never contributed to a TFSA before, you might be wondering how much contribution room you have. How you can maximize its potential is another…

ByJohn WilsonJanuary 17, 2023

piggy bank on a floor, representing money to be gained from receiving the GST tax credit

Resources

GST Credit Eligibility

Are you a Canadian looking to know your GST Credit Eligibility? You've come to the right place! To be eligible, you must be a resident of Canada for tax purposes and you or your spouse or common-law partner must: be 19 years of age or older have (or previously had) a spouse or common-law partner…

ByJohn WilsonJanuary 16, 2023

woman looking at her contribution room on her TFSA with her computer

Investing

TFSA, What It Is And What Is The Minimum Age?

The TFSA, or Tax-Free Savings Account, is a popular saving and investing tool for Canadians. It allows you to save and invest money without paying taxes on any earned income or capital gains. Sounds pretty great, right? But just like everything else in life, there are some rules and regulations to follow, and one of…

ByJohn WilsonJanuary 16, 2023

collage of 4 people working student jobs

Personal Finance

10 Best Student Jobs In Canada

As a student in Canada, it can be tough to balance your studies with the need to earn some extra cash. But never fear! There are plenty of great student jobs out there that can help you earn some money while you focus on your studies. Here are the 10 best student jobs in Canada,…

ByJohn WilsonJanuary 15, 2023

Investing Real Estate

Do You Pay Capital Gains On A Primary Residence?

The short answer is no – as long as it meets the criteria for being your principal residence. Here’s why, and under which conditions. As a Canadian, you may be wondering whether you have to pay capital gains tax on the sale of your home. After all, it's not uncommon for people to make a…

ByJohn WilsonJanuary 14, 2023

Investing

What Is A RRIF?

Are you a Canadian looking to secure your financial future? If so, you may have heard about something called a RRIF, or a Registered Retirement Income Fund. But what exactly is a RRIF, and how can it benefit you? First things first, let's start by defining a RRIF. Simply put, a RRIF is a type…

ByJohn WilsonJanuary 13, 2023