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Money Matters: Dealing with Canada Revenue Agency debt

Blair Mantin of Sands & Associates discusses the common types of CRA debt and how to deal with them if you find yourself owing the government money.

If you're retired or about to retire, think carefully about your tax strategy

NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it's a time when people need to be especially careful to look at their entire financial picture before deciding on a things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security. “It’s the biggest ch...

Study reveals how much Americans really spend on tipping each year

Meet a 31-year old who makes $185K/month at 90% margin - the story of @CharlieChang

Meet Charlie Chang, who has been filming videos since he was 10 years old, and now he's building a business on YouTube with $185K/month in revenue at 90% margin. Charlie’s company that helps with hiring abroad - https://www.paired.so/marina In this video: 00:00 - Meet Charlie Chang 01:23 - How Charlie makes money on YouTube? 04:48 - Top 3 niches to make money on affiliate marketing 06:65 - Charlie's income sources 09:06 - How to hire people overseas and save money 11:32 - How he comes up with ideas and what is the thinking process? 14:12 - Different approaches to YouTube - which one is the best? 16:17 - "If I keep going, at some point it's gonna do well" 18:51 - How Charlie films his videos 21:42 - Why do A-list artists record 90 songs a month? 22:48 - How YouTubers work with brands? 23:41 - "Every business owner should have a media business behind the company" Top credit cards for free flights, hotels, and cash-back - https://www.cardonomics.com/i/marina 💰 INVESTMENT APPS & BOOKS: - Webull - https://a.webull.com/Tfjov8wp37ijU849f8 - Robinhood - https://join.robinhood.com/marinam241 - Interactive Brokers - https://ibkr.com/referral/marina592 ⭐ Download my English language workbook - https://bit.ly/3hH7xFm I use affiliate links whenever possible (if you purchase items listed above using my affiliate links, I will get a bonus) #marinamogilko #siliconvalleygirl #charliechang

TFSA Traps: Common Mistakes That Can Cost You Thousands

TFSA users are advised to avoid common mistakes and not pay unnecessary and costly tax penalties. The post TFSA Traps: Common Mistakes That Can Cost You Thousands appeared first on The Motley Fool Canada.

First Quantum Minerals cuts debt by over $1 billion in first quarter

(Reuters) - Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter. The company in February had announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt, a move that will help the Canadian miner deliver on its "operational objectives." The company's total debt as of March 31 stands at

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.

Moving jobs this often helps you climb the career ladder and earn more money

How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000

Income-seeking Canadian investors can consider holding shares of REIT such as Dream Industrial to create a passive-income stream. The post How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000 appeared first on The Motley Fool Canada.

Billionaire Igor Makarov wants off Canada's Russia sanctions list

Shortly after Russia's full-scale invasion of Ukraine in 2022, Canada issued a slew of sanctions, freezing the assets of alleged Russian oligarchs. Nine people have since been removed from the list, and billionaire Igor Makarov is also trying to get dropped. But as Jeff Semple reports, Makarov's plan may have backfired.

Stocks gear up for Big Tech earnings; yen toys with danger zone

By Amanda Cooper LONDON (Reuters) -Global shares rose on Tuesday, driven by a recovery on Wall Street, where investor focus is pinned on earnings reports from the U.S. megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials. The MSCI All-World index, which on Friday hit a two-month low, was up 0.2%, lifted by gains in Europe, where the FTSE

Ukraine to receive new tranche from EU this week: Ukrainian Prime Minister reveals amount

This week, Ukraine expects to receive a €1.5 billion tranche from the European Union under the Ukraine Facility program, reported Prime Minister of Ukraine Denys Shmyhal during a meeting of the Cabinet of Ministers. "The European Commission has supported the Ukraine Plan under the Ukraine Facility program. This week, we expect to receive 1.5 billio...

Business News: Impact of capital gains tax changes

The Liberals tabled the federal budget this week, and among the major changes was to how capital gains are taxed. The tech sector are the latest to speak out against the proposal. Financial analyst Robert Levy talks about the impact it could have on Canadians.

Oil prices stabilise, Middle East tensions remain in focus

By Mohi Narayan NEW DELHI (Reuters) -Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent crude oil futures traded 18 cents higher at $87.18 a barrel by 0634 GMT, and U.S. West Texas Intermediate crude futures also gained 16 cents to $82.06 a barrel. Both

Why few bank fraud complaints lead to compensation

Sarah Bradley, the ombudsman and CEO at Ombudsman for Banking Services and Investments, responds to a report that found only a quarter of banking complaints resulted in monetary compensation in 2023.

Business Report: Taylor Swift breaks more records

Taylor Swift's new album continues to break records. Plus, a major automaker picks Ontario for electric vehicle production, and investors gear up for a big week on the markets. Business Editor Kris McCusker explains.

Ontario government faces lawsuit over cancellation of basic income pilot

Members of a class action lawsuit against the Form government for its cancellation of the Ontario basic income pilot are seeking $200M in damages. Jaden Lee-Lincoln explains.

Denmark to aid Ukraine's green energy infrastructure

Ukraine and Denmark signed a memorandum of understanding on cooperation and recovery. The document includes assistance totaling nearly 400 million euros, according to the Ministry of Economy of Ukraine. The memorandum was signed by First Deputy Prime Minister of Economy of Ukraine Yulia Svyrydenko and Minister for Business of Denmark Morten Bødskov...

Breaking down the capital gains tax changes

The federal government unveiled billions in spending in its 2024 budget, and to help pay for it all, it’s proposing changes to how capital gains are taxed. CBC’s Nisha Patel breaks down how it works and who will be affected.

Doctors ask Liberal government to reconsider capital gains tax change

OTTAWA — The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing they will affect doctors' retirement savings. Kathleen Ross, the association's president, says many doctors incorporate their medical practices and invest for retirement inside their corporations. The prop...

No such thing as a free lunch ... or maybe a free day trip to Venice anymore, either

Mass tourism has placed such a strain on Venice that the city will be imposing a visitor's fee for 29 high-traffic days this year, starting April 25, to dissuade daytrippers and curb the growing number of tourists. Exemptions will apply to locals, commuters, people who pay property tax in Venice, visitors who stay overnight and those participating in sporting events, but some exemptions must be registered online. While this may only be a trial period, the results will be used to tweak the program with the goal of making it permanent.

Budget 2024 failed to spark ‘political reboot’ for Liberals, polling suggests

Prime Minister Justin Trudeau's government is facing a steep hill to climb in the polls after the 2024 budget failed the sway voters back to Liberal Party, new polling shows.

Average US annual salary by age revealed – see how you compare

The Dark Side Of Building Muscle

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Sunak to spent £75,000,000,000 on defence to put UK on 'war footing'

The PM said the world was currently ‘the most dangerous it has been since the end of the Cold War’.

Trudeau says Sask. families to get full rebate, even without paying carbon tax on home heating

Prime Minister Justin Trudeau told reporters in Saskatoon on Tuesday that Saskatchewan families would receive "unaffected" carbon tax rebates "despite the fact the Premier is not sending that money to Ottawa right now." The provincial government stopped collecting the carbon tax on home heating from residents after the federal government gave an exemption on home heating oil that largely helped Atlantic Canada.

Practical tips for renewing your mortgage in 2024

Personal finance adviser Rubina Ahmed-Haq shares some tips about how to handle renewing a mortgage at a higher rate.

What it takes to keep a restaurant afloat in Vancouver

Restaurateur Haitham El Khatib of Aleph Eatery says he approaches his businesses like it's a tech company — from hiring practices to people management to using technology to better understand revenue and expenses.

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

‘Trying not to die’: Tourism operators face heavy debt, even as business roars back

Maureen Gordon has weathered hard times before. She and her husband began running ecotourism outfit Maple Leaf Adventures out of Vancouver about a month before the 9/11 terrorist attacks devastated international travel in 2001. The rebound was relatively quick. Fallout from COVID-19 has proven much more prolonged. “The pandemic of course was incred...

Manifesting Money Wasn’t Working For Me, So I Successfully Turned To Loud Budgeting

Like many of my past relationships, my relationship with money is fraught, complicated, and a huge, bright red flag. And yet, I care about money so much. Still, as a millennial, having had to navigate a recession at every pivotal point of my adult life, money has never appeared to care about me. “It’s because you have a scarcity mindset,” a friend said to me over expensive wine I said I couldn’t afford. “The reason you’re bad with money is that...

Premiers lash out at Trudeau over budget

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.

Liz Weston: How to reduce your ‘widow’s penalty’

After a spouse dies, the survivor often ends up paying higher taxes on less income — something known by accountants and financial planners as the “widow’s penalty,” because women typically outlive their husbands. Couples who know what’s coming often can take steps to soften the penalty’s effect, but too many don’t think far enough ahead, says Barba...

U.S House passes vote on $61B foreign aid package for Ukraine

After months of stalemates and dysfunction, the U.S House of Representatives votes in favor of sending $61B in foreign aid to Ukraine. Karling Donoghue with why some representatives are not pleased with the vote, and what this means for Ukraine.

According to experts, these are the essential skills you should develop at work this year

We're ready to take on 2024.

The playmate, the doorman, and the tabloid mogul: Key takeaways from Trump’s day in court

The playmate, the doorman, and the tabloid mogul: Key takeaways from Trump’s day in court - Day six of former president’s hush money trial and second day of testimony saw National Enquirer boss lift lid on catch-and-kill scheme

The Maximum CPP Payout Probably Won’t Be Enough for You: Here’s How to Supplement it With Your Own Pension Fund

If you are solely dependent on CPP for retirement, it is time rethink that. Consider building your pension fund before it is too late. The post The Maximum CPP Payout Probably Won’t Be Enough for You: Here’s How to Supplement it With Your Own Pension Fund appeared first on The Motley Fool Canada.

Oprah Winfrey and Dwayne Johnson pledged $10M for Maui wildfire survivors. They gave much more.

Lana Vierra misses the swing set at her Lahaina home, which was reduced to ashes in the wildfires that swept through her community last summer. “Multiple generations went through there playing in my front yard," she said. "Just with the animals and the turtles and the deer and goats that we once had in that little tiny yard.” A grandmother of four ...

Top 6 US industries where you can earn the most money

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Investors and analy...

Psychologist explained how to maintain passion in long-term relationships

At the beginning of a relationship, there is a passionate stage for every couple when you simply can't get enough of each other. However, with time, this fades, and many couples encounter a loss of interest. What can help maintain passion in relationships, according to psychologist Dmytro Ostapenko. How to keep passion alive in long-term relationsh...

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

US is preparing $1 billion arms package for Ukraine - Reuters

The United States is preparing its largest arms package for Ukraine yet, with preliminary data suggesting it will amount to $1 billion, Reuters informs. According to Reuters, the United States is preparing a $1 billion military assistance package for Ukraine, as reported by two American generals. It is expected that the aid package will include veh...

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Norway announces significant increase in military aid to Ukraine

Espen Barth Eide, the Minister of Foreign Affairs of Norway, announced that Norway plans a "significant" increase in aid to Ukraine. The amount has yet to be determined and will be discussed in the near future, according to Le Monde. He noted that "it is about a significant increase, which is relevant compared to what we have done so far." Accordin...

Switzerland reveals amount of frozen Russian assets

As of December 31, 2023, the value of financial assets frozen due to sanctions against Russia amounted to CHF 5.8 billion (USD 6.4 billion). In addition, 17 real estate properties have been blocked, reports the government department responsible for compliance with sanctions (SECO). The latest data show that the value of frozen financial assets fell...

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.

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.

Fund offering 'venture capital' exposure sends investors on meme-like ride

By Suzanne McGee (Reuters) -A new fund that allows shareholders access to privately owned technology companies has sent investors on a wild ride in recent weeks while eliciting criticism from the likes of Morningstar and competitor ARK Investment Management. Shares of Destiny Tech100 are up some 200% since its March 27 launch, following a tumultuous three-week run that has seen it rise by as much

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.