Finance

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...

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 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.

Oil rises as dollar slips, focus shifts to economic data

By Shariq Khan NEW YORK (Reuters) -Oil prices rose by more than $1 a barrel on Tuesday as the U.S. dollar index fell to its lowest level in more than a week and investors shifted their focus away from tensions in the Middle East to the state of global economies. Brent crude futures rose $1.42, or 1.6%, to settle at $88.42 a barrel and U.S. West Texas Intermediate crude futures climbed $1.46, or

Eight ways 365,000 people are being underpaid, according to a money expert

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.

Top 6 US industries where you can earn the most money

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.

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project - ‘Since it was the vendor that was hacked, we are letting them and our bank’s fraud department lead any investigation,’ the group’s spokesperson said

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.

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.

Five Eyes countries working to fight critical minerals dumping, Canada minister says

By Divya Rajagopal TORONTO (Reuters) - Canada and its Five Eyes Alliance partners are working on put forward a response to tackle the price manipulation of critical metals, Canada's Finance Minister Chrystia Freeland said on Tuesday. The U.S., Britain, Canada, Australia and New Zealand have what is called the Five Eyes intelligence sharing network and the finance ministers from these countries

Biden signs $95 billion war aid bill with critical assistance for Ukraine, Israel

Calling it a "good day for America" and "a good day for world peace," President Joe Biden signed into law the $95 billion war aid measure that includes assistance for Ukraine, Israel, Taiwan and other allies.

GM CEO Barra compensation fell 4% in 2023 to $27.8 million

By David Shepardson (Reuters) - General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S. automaker said Wednesday. The Detroit automaker also said GM President Mark Reuss' total compensation in 2023 rose to just under $18 million, up from $14.3 million, while Chief Financial Officer Paul Jacobson's compensation rose to $11.1 million last year, up from

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.

How to protect yourself from fraud

Technology has made a significant impact on how prolific and sophisticated scam attempts have become. Erica Natividad speaks to an expert on how to avoid becoming a victim.

Health Matters: Canadian government adds $36M to vaccine compensation fund

The Canadian federal government is putting another $36 million toward a program to compensate people who were seriously injured or killed by vaccines. The new funding was announced as part of the federal budget tabled in the House of Commons last week. Katherine Ward has this story and more in Health Matters for April 24, 2024.

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?

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS Money plant growing ideas and easy method to grow bunch of money plants using growing stick for indoor garden or outdoor. This video shows easier way to display plants table decoration and how to grow money plants at home and potting these long vine pothos from cuttings. Growing money plant at home Feng Shui believe brings positive energy and cleaning air and negativity in every home. #greenplants #moneyplant #moneyplantdecoration #indoorplants #gardeningideas

Borrell reveals EU plan to extract revenue from frozen Russian assets

The EU has devised a plan that will enable the extraction of extraordinary revenue from frozen Russian assets and allocate them to the needs of Ukraine, according to the head of EU diplomacy, Josep Borrell. He mentioned that in the EU, assets of the Central Bank of Russia were frozen after the start of the war in Ukraine. Now, these assets are mana...

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.

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...

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.

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.

Millennials, Gen Z, need government help ‘now more than ever’: treasury board president

Canada's Treasury Board President Anita Anand joins CBC chief political correspondent Rosemary Barton to talk about the federal budget and its focus on young Canadians — as well as the criticism it's receiving.

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

Pentagon set to send $1 billion in new military aid to Ukraine once Biden signs bill

WASHINGTON (AP) — The Pentagon is poised to send $1 billion in new military aid to Ukraine, U.S. officials said Tuesday as the Senate moved ahead on long-awaited legislation to fund the weapons Kyiv desperately needs to stall gains being made by Russian forces in the war. The decision comes after months of frustration, as bitterly divided members o...

How to Build the Best Passive-Income Portfolio With Just $15,000

When it comes to creating passive income, don't narrow your focus to just dividend income -- especially if you're looking for long-term gains! The post How to Build the Best Passive-Income Portfolio With Just $15,000 appeared first on The Motley Fool Canada.

Study reveals how much Americans really spend on tipping each year

Ikea Canada cut prices on 800 items this month. Which ones?

Ikea Canada says it has lowered its prices for hundreds of items this past month as part of the company’s continuing push to make home furnishing more affordable.

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

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay - The Senate passed the bill 79-18 after months of opposition from isolationist Republicans

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.

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.

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.

Index Funds or Stocks: Which is the Better Investment?

Index funds can provide a great long-term option with a diverse range of investments, but stocks can create higher growth. So which is better? The post Index Funds or Stocks: Which is the Better Investment? appeared first on The Motley Fool Canada.

RFK Jr wants to put US budget on blockchain

RFK Jr wants to put US budget on blockchain - The independent presidential candidate told supporters that such a system would allow US voters to know ‘if somebody is spending $16,000 for a toilet seat’

How doctors are affected by capital gains changes

The Canadian Medical Association says doctors aren’t happy with changes to the capital gains tax. That's because many doctors are incorporated, and use their corporations to save and invest for retirement.

European Commission allocates another €1.5 billion to Ukraine

The European Commission has allocated the second installment of exceptional bridge financing to Ukraine under the mechanism for Ukraine, amounting to €1.5 billion, reports the press center of the European Commission. The disbursement follows the European Commission's positive assessment of the agreed political conditions related to reforms in the j...

4 Ways to Grow $100,000 Into $1 Million in Retirement Savings

Anyone can build a million-dollar retirement portfolio. Here are four ways you could practically grow $100,000 to $1 million. The post 4 Ways to Grow $100,000 Into $1 Million in Retirement Savings appeared first on The Motley Fool Canada.

Airlines will now be required to give automatic cash refunds for canceled and delayed flights

The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation. The Transportation Department said airlines will be required to provide automatic cash refunds within a few days for canceled flights and “s...

Kate Ashford: Retirement could come sooner than you think - how to plan for it

NEW YORK (AP) — American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute, or EBRI. But the actual median age for retirement is 62, the survey found. That may not seem like a big gap, but if you retire three years earlier than planned, that’s three fewer years of savings and thr...

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.

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

Mitt Romney doesn’t hold back when asked about Trump’s $130k payment to Stormy Daniels

Mitt Romney doesn’t hold back when asked about Trump’s $130k payment to Stormy Daniels - ‘As far as I know you don’t pay someone $130,000 not to have sex with you’

Yen tumbles as markets on alert for Japan action; dollar falls after data

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors on heightened Japanese intervention watch ahead of this week's Bank of Japan policy meeting. The euro reached 165.71 yen, its highest since 2008, after data showed business activity in the euro zone expanded at its fastest pace in nearly a 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

Tesla expects to book over $350 million in costs for layoffs

(Reuters) -Tesla expects to book more than $350 million in costs in the second quarter for the mass layoffs it began last week, the automaker disclosed in a regulatory filing on Wednesday. The electric vehicle maker also reiterated that it expects capital expenditure to exceed $10 billion in 2024 and to be between $8 billion to $10 billion in each of the following years. The filing follows

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.