Personal Finance

How to Earn Big TFSA Income to Set Yourself Up for Retirement

With the right moves, a TFSA can bring in incredible income for retirement -- or even in just the next three years! The post How to Earn Big TFSA Income to Set Yourself Up for Retirement appeared first on The Motley Fool Canada.

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.

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.

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.

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

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...

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 "...

Top 10 airlines for the cheapest business class flights

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

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.

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.

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...

Explainer-Bitcoin's 'halving': what is it and does it matter?

LONDON (Reuters) - Bitcoin's long-anticipated 'halving' is, depending on where you sit, a vital event that will burnish the cryptocurrency's value as an increasingly scarce commodity, or little more than a technical change talked up by speculators to inflate its price. The halving comes after bitcoin hit an all-time high of $73,803.25 in March. But what exactly is the halving, and does it really

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...

Business Report: New Swift album already setting records

Taylor Swift's new album is already setting streaming records. Plus, Tesla recalls the Cybertruck and a halving event is coming for Bitcoin miners. Business Editor Ari Rabinovitch explains.

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

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.

If Congress passes funding, this is how the US could rush weapons to Ukraine for its war with Russia

WASHINGTON (AP) — The Pentagon could get weapons moving to Ukraine within days if Congress passes a long-delayed aid bill. That's because it has a network of storage sites in the U.S. and Europe that already hold the ammunition and air defense components that Kyiv desperately needs. Moving fast is critical, CIA Director Bill Burns said Thursday, wa...

UBC study on break-even point for owning EVs

If you're wondering whether the gas savings are worth the extra money you'd spend on an EV, a new UBC study has some answers for you. Rumina Daya reports.

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...

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...

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

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.

Tax tips for college students and their parents

NEW YORK (AP) — There are lots of things college students and their parents should keep in mind before filing their taxes, and while tax pros say it’s great for college students to start filing their own forms, parents and students should double check everything carefully before anyone pushes the “submit” button. Be clear on who is a dependent For ...

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.

Federal budget gets mixed reaction in Alberta

The federal government has tabled its budget and as Adam MacVicar reports, reaction is mixed by both provincial and municipal leaders.

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.

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.

Slovaks raise nearly 2 million euros for ammunition for Ukrainian soldiers

Citizens of Slovakia managed to raise about 2 million euros to purchase shells for Ukraine as part of the Czech initiative. This was done in a few days, as reported by Sky News. The Slovak authorities refused to join the Czech government's initiative to provide ammunition for Ukraine, but despite this, the Slovaks decided to raise money on their ow...

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

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

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.

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.

Patients are paying for surgeries covered by the province

Health-care advocates say patients are unnecessarily paying thousands to private medical clinics for procedures covered by the province, such as cataract surgery. They say many patients are falling for doctors engaging in 'predatory upselling' of services.

Carbon rebate labelling on bank deposits is fuelling confusion

Canada’s Environment Minister Steven Guilbeault says banks that refuse to identify the carbon rebate by name when doing direct deposits are creating confusion, and he’s willing to change the law to force them comply. Anne Gaviola has more in Business Matters for Friday, April 19.

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...

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.

Stocks rattled, Treasuries rally after Israel attacks Iran

By Huw Jones LONDON (Reuters) -Global shares eased, oil prices surged and U.S. bond yields fell on Friday after reports that Israel attacked Iran, in the latest reminder of how the Middle East tinderbox is casting a growing shadow over markets. Israel's attack on Iranian soil was the latest tit-for-tat exchange between the two arch foes, sending safe haven currencies such as the yen and Swiss

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

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

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...

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

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 ...

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...

Top 6 US industries where you can earn the most money

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.

UK’s happiest work industries revealed – see if your job is on the list