NEWS

Can the CRA hold tenants liable if the landlord fails to pay tax?

A recent report outlined a case in Ontario where a foreign landlord failed to pay taxes and the CRA went after the tenant. CBC's personal finance columnist Mark Ting shares his thoughts on the matter.

Top 6 US industries where you can earn the most money

Bitcoin slides below $60,000 on reports Israel strikes Iran

(Reuters) -Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran. Bitcoin slid more than 5.5% to $59,961 in the Asia session as the U.S. dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to $2,895. Israel launched an attack on Iranian soil on Friday, sources

How Much Cash Do You Need to Stop Work and Live Off Dividends?

Want to retire early? Here's how much cash you might need to quit work and live off your investment income. The post How Much Cash Do You Need to Stop Work and Live Off Dividends? appeared first on The Motley Fool Canada.

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.

How the 1949 Ford saved the company

As Ford gears up for a huge launch of its all-electric F-150 Lightning, we turn the clock back over 70 years to a car that saved the company

Millennial Money: I saved $800 in 5 months by eating more plants

I tried going vegetarian once when I was in high school. My best friend was a vegetarian, and I was curious. I lasted only about four days. My downfall: a buffalo chicken sandwich. Since that ill-fated attempt, I’ve never tried to curb my meat consumption. It’s just too dang tasty. But in 2022, a family member was diagnosed with a life-threatening ...

Worsening US debt outlook seen more in gold and bitcoin than in bonds

(Reuters) - Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country's fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget

Claiming home office expenses on your tax return

If you work from home or follow a hybrid model, there are some changes in how to claim home office expenses when filing your tax return that you should know about. Dilshad Burman explains.

Average net worth of Americans by age — see how you compare

Biggest mistakes that could tarnish, or even tank, your credit rating

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own. “Credit is a highly valuable asset,” says Ed Rempel, a fee-for-service financial planner, tax accountant and author of the blog Unconventional Wisdom. “In fact, it is your main asset until you can build up other in...

What's cheaper, EV or gas? This scholar crunched the numbers

Where you live and how much you drive each day matters when it comes to the cost-effectiveness of an electric vehicle, compared to gas. to A new UBC study crunches the numbers.

Business Matters: Federal budget 2024 brings changes to banking fees

The Liberals' 2024 federal budget includes several measures affecting the banking sector, such as cracking down on junk fees and working toward a framework for open banking. Kyle Benning has the details in Business Matters for Tuesday, April 17, 2024.

Rise & fall of the bargain-priced roadster

Going topless used to be cheap and often cheerful. We trace the history of the boom and the bust

A Week In Los Angeles, CA On A $162,000 Joint Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. This week: a project analyst who makes $70,000 per year and spends some of her money this week on repairing a leaking pipe. Occupation: Project analystIndustry: TelecommunicationsAge: 29Location: Los Angeles, CASalary: $70,000. My...

Annual home prices predicted to rise nearly 10% by end of year: Royal LePage

A realty firm is making a grim prediction about home prices in Canada, forecasting a big jump by the end of the year. Global's Nathaniel Dove explores why prices might go up.

5 expert tips to declutter your closet (plus hanging hacks!)

Are you dealing with closet chaos? Cleaning expert Melissa Maker helps us figure out how to declutter our closets and keep them that way with these five simple tips.

Here are some changes to expect when filing your 2023 taxes

Feb. 19 is the first day you can file your taxes online and there are some key changes that will affect the tax filings of many people in Canada.

Ukraine, Israel aid advances in rare House vote as Democrats help Republicans push it forward

WASHINGTON (AP) — With rare bipartisan momentum, the House pushed ahead Friday on a foreign aid package of $95 billion for Ukraine, Israel, Taiwan and humanitarian support as a robust coalition of lawmakers helped it clear a procedural hurdle to reach final votes this weekend. Friday’s vote produced a seldom-seen outcome in the typically hyper-part...

CPP Pension: How to Increase Your Income by 50%

The CPP reforms mean retirement income can jump 50% when the plan reaches maturity, but there is an alternative. The post CPP Pension: How to Increase Your Income by 50% appeared first on The Motley Fool Canada.

Trump faces a Sandoval hearing in his New York hush money trial. Here’s what to know

Trump faces a Sandoval hearing in his New York hush money trial. Here’s what to know - Donald Trump will learn the scope of questions he could face from Manhattan prosecutors during cross-examination if he does choose to take the stand to testify in his first criminal trial

Tips for eating healthy without breaking the bank

Eating healthy without breaking the bank can be a challenge with rising food costs in Canada. The Weather Network's Mia Gordon has some tips.

Her landlord sold her apartment. Her new unit is the same size — and $700 more a month

CBC News asked renters in Toronto's Liberty Village what they think of renting in Canada's biggest city.

Disability expert resigns from federal advisory group over benefit program

OTTAWA — One of Canada's leading disability scholars is quitting a federal advisory board, saying the government failed to properly fund the disability benefit. Michael Prince, a professor of social policy at the University of Victoria, says he's deeply disappointed with the Canada Disability Benefit. He's resigning from Disabilities Minister Kamal...

Top 10 airlines for the cheapest business class flights

Budget 2024: Taxes on capital gains explained

Some Canadians making money from capital gains are set to pay higher taxes starting this year. Who will be affected?

You can buy a European house for just €1 – here’s how the scheme works

How to Decrease Your Taxable Income and Still Make Money (and it’s Legal!)

There are legal ways to bring down your taxable income and put that extra cash towards your future. Plus, create passive income for life! The post How to Decrease Your Taxable Income and Still Make Money (and it’s Legal!) appeared first on The Motley Fool Canada.

Our top 5 Amazon deals of the week

Looking to shop great deals? Here are our favourite deal items up for grabs this week on Amazon. Save big on Shapermint, Lefant and more coveted brand items.

It will be too late: Blinken urges US Congress to expedite aid to Ukraine

The US Secretary of State, Antony Blinken, urged Congress to approve the aid package to Ukraine, stating that "it will be too late". He made this statement at a briefing in Italy, according to The Guardian. Answering a question about US aid to Ukraine, Secretary of State Antony Blinken said that the “most important thing is getting this aid voted a...

6 thoughts and actions that only amplify anxiety and worry

Not to worry and be nervous is absolutely normal, albeit very unpleasant. But sometimes anxiety and concern can be so toxic that it hinders one's ability to carry on with daily activities. Our habits and thoughts can exacerbate the situation. Huffpost shares habits that intensify our anxiety and worry. Black-and-white thinking It is also known as "...

How Much Do You Need to Earn to Live in a Major U.S. City?

Living in a major metropolitan area doesn’t come cheap. To survive comfortably you’ll need to earn at least six figures, according to a new study. If you’re single, you’ll need to earn at least $96,500 a year before taxes, and two parents supporting two children will need at least $235,000, Knewz.com has learned. The above salaries are required to ...

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

6 simple habits to help you feel happier every day

2024 is just beginning, meaning you still have time to make important decisions about what you want to achieve in the new year. It's common for us to set certain goals to become the best version of ourselves. The desire to improve is natural, but turning it into a source of pressure and stress is unnecessary. RBC-Ukraine shares six small habits tha...

For-profit clinics charging patients thousands in fees: report

More than a hundred patients are speaking out through a new report released by the Ontario Health Coalition about user fees being charges in private clinics. Most of the patients are seniors on fixed incomes and the fees have caused them significant financial strain. Caryn Lieberman reports.

The price of gas is up. Here's why it could remain that way for some time

Many people are expressing surprise after a jump in gas prices. CBC's Tyler Cheese has more on what’s driving the increase and why one industry analyst believes they'll remain high for months.

Super Organized People Love These 10 Products

We’re always looking for the magic solution that will get us organized but as anyone who’s ever spent a small fortune at Ban.do knows, finding the perfect planner isn’t going to alter our personality or our proclivity for procrastination. That’s why Clare Kumar, a productivity coach and professional organizer who takes an inclusive approach to her work, advises her clients to “tune in before you lean in.” Kumar says the best way to work varies...

As Russia presses forward, Ukraine pleads with Canada for armour, air defence

A leading member of the Ukrainian parliament delivered stark warnings to Canadian politicians and top defence officials this week in a series of mostly under-the-radar meetings in Ottawa ahead of the long-anticipated aid vote in the U.S. Congress.

What to do if you wake up at night and can't get back to sleep, according to expert

Getting a decent night's sleep is important for our health, but a lot of us don't get the recommended eight hours. Three-quarters of Brits get less than eight hours of sleep, while one in six get by on less than six hours each night, according to YouGov. Meanwhile across the pond, over 17 per cent of adults had trouble staying asleep most days or e...

Live Nation could face lawsuit from U.S. Justice Department

The U.S. Justice Department will reportedly file an anti-trust lawsuit against entertainment giant, Live Nation. Erica Natividad with the details and how the outcome could impact Canada.

25 Women Share Exactly How Much Is Sitting In Their Savings Accounts

If salaries are a taboo topic, then savings are completely off limits. Which is fair: the only thing more awkward than randomly asking a friend how much they have saved is bringing up your own saving efforts. It either reads as a brag, derails the conversation as someone emphatically acknowledges their privilege, or makes people feel anything from sheepish to outright ashamed. All of this means that savings are shrouded in mystery. We wondered...

Federal budget 2024: Liberals failed to tackle 'corporate greed,' Singh says

NDP Leader Jagmeet Singh expressed disappointment in the federal government's 2024 budget, saying the Liberals "ignored the opportunity to take on corporate greed." Mercedes Stephenson breaks down Singh's comments on the budget, and whether they could hint at the NDP voting against it.

4 suprising major myths about self-development

There have been various opinions and myths circulating around the topic of self-development for years. Different stories of conditional success and advertisements for courses often manipulate us. The psychological portal on Instagram called Purport discusses the main myths about self-development. Myths about self-development Self-development is a c...

The top 10 most stressed states in the US aren’t the ones you’d think

The average salary you can expect in the UK based on your age (and how to get it)

Want a pay rise?

9 rules to be a truly happy and successful woman

Many women aspire to discover how to become happy and successful. It turns out there are 9 rules that can be considered principles of a self-satisfied and fulfilled life, according to Hack Spirit. Successful and happy women respect themselves and know their worth. Strong and successful women will not settle for anything they don't like. There's no ...

Who's behind Ontario's above guideline rent increases

A CBC data analysis looks into which corporate landlords applied most often to raise rents above provincial rent control guidelines in 2022.

These autistic kids denied up to $800 a month because of IQ requirements

While Nova Scotia's Direct Family Support for Children program is meant to provide financial aid to families of kids with disabilities, many kids with autism are being denied the funding because they don't meet the province's definition of an intellectual disability. Celina Aalders reports.

Invest $500 Each Month to Create a Passive Income of $266 in 2024

Regular monthly investments of $500 in the iShares Core MSCI Canadian Quality Dividend Index ETF (TSX:XDIV), starting right now in 2024, could create annual passive income streams of $266 or more. The post Invest $500 Each Month to Create a Passive Income of $266 in 2024 appeared first on The Motley Fool Canada.

Media: Pentagon ready to quickly send Ukraine arms if Congress approves aid bill

The Pentagon is prepared to quickly send Ukraine military equipment if Congress approves the aid bill that is scheduled for a vote this weekend, Politico reported on April 19, citing sources. After months of delays, House Speaker Mike Johnson said on April 17 that he would move forward with votes in Congress on a series of foreign aid bills for Isr...