Category Archives: Your money
Canada’s big banks treat Indigenous, visible minority customers unequally: watchdog
Pressure sales tactics. Ill-fitted suggestions. Misleading information. Visible minority and Indigenous customers at Canada’s big banks more often received inappropriate treatment from sales staff, part of a wider trend of "concerning" interactions bet...
Budget 2022: Feds create new tax-free account for first-time homebuyers
OTTAWA — Canadians looking to save a down payment to buy their first home will have a new tax-free savings account to use starting next year. The federal government announced the Tax-Free First Home Savings Account (FHSA) in the budget Thursday
Ontario to regulate use of financial advisor, planner titles: regulator
TORONTO — Ontario’s financial regulator will soon force anyone using the financial planner or advisor title in the province to be overseen by a credentialing body and subject to a complaints and discipline process. The Financial Services Regulatory Aut...
What to expect as a crypto investor going into tax season
TORONTO — John Sicilia works in the hospitality industry and began investing in cryptocurrencies in the early days of the COVID-19 pandemic. He got involved because he was curious and saw an opportunity. “People have made quite a bit of money
Top tips to trim your tax bill and beef up your returns before the end of 2021
HALIFAX — The clock is ticking on 2021 but financial experts say there's still time to trim your tax bill and beef up your return with these simple steps. Whether you're a student scraping by or an investor with sky-high returns,
Private sale or trade-in? Selling your vehicle comes down to cash vs. convenience
HALIFAX — Jonathan Tyson sold two cars in two years. The first, a Volkswagen Golf, he advertised through online classifieds and sold privately. “We had a number of people try to lowball us,” he said, noting that one tire kicker even
How to tell if a call from ‘CRA’ is legitimate or a scam
OTTAWA — The scam is a common one: a phone call claiming to be the Canada Revenue Agency demanding an immediate payment. If you think it might really be the government calling you about your taxes, you should verify it is
Representative for 17,000 Sears Canada retirees says insolvency laws are unjust
TORONTO — CHANGES ARE IN BOLD A court-appointed representative for Sears Canada retirees said Tuesday that Canada's bankruptcy laws should be changed to avoid future financial hardship for members of other underfunded pension plans. Kenneth Eady, a for...
Watch the details to help avoid financial headaches when filing your return
OTTAWA — The devil is in the details and your income tax return is no exception. As the filing deadline at the end of the month approaches, experts say paying attention to the details when it comes to your taxes can
Detailed vs. flat rate: New way to claim work-from-home costs gives workers options
Ottawa has come up with a simpler way to claim expenses for that spare room or corner that became a makeshift office last spring when pandemic lockdowns went into effect across the country. In addition to the detailed method for claiming