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.

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

What's the most expensive home you could afford?

Use this tool to calculate the most expensive home you could buy based on your income and passing the mortgage “stress test."

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

Is my passport still valid? New rules and prices around soon-to-be expired ID

Double check your passport before you book.

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.

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

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.

How a group of strangers found homes together in one of Canada's priciest municipalities

Splitting mortgages via co-ownership is one way some British Columbians are achieving dreams of home ownership as real estate prices reach record highs.

Cutting down your food budget? Here's how to save money at the grocery store

As the cost of living rises, you may be cutting back on dining out or ordering in. But it’s not as simple as just cooking more often at home. Meal planning can be overwhelming if you're new to it, and groceries aren’t exactly cheap, either, as the prices of many everyday staples have been hit by inflation. “It doesn’t have to be all or nothing,” ad...

What do Canadians want to see in the upcoming federal budget?

CBC spoke with Canadians from across the country about the budget items they hope to see on Tuesday.

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 "...

5 Spring 2024 Trends You Can Buy Secondhand

.disclaimerwidth:90%;margin-bottom:1rem.disclaimer__lineswidth:100%;margin:0 auto;border-bottom:1px solid #999;padding:0;max-width:150px.disclaimer__copywidth:100%;max-width:355px;font-family:Brown Regular,sans-serif;font-size:.9rem;font-weight:300;line-height:1.3em;color:#333;padding:0 0 .4rem;margin:1rem auto;text-align:center All linked products are independently selected by our editors. If you purchase any of these products, we may earn a...

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.

7 of the most expensive houses in the world – with two in the UK

Early tax filers among first to receive 2024 Canada carbon rebates

OTTAWA — Canadians who filed their taxes by the middle of March are among those who may have already received the first instalment of the Canada carbon rebate. Qualified residents of Alberta, Saskatchewan, Manitoba, Ontario and all four Atlantic provinces started receiving the first of four instalments Monday. Those who filed their taxes since Marc...

Pre-budget tradition: Freeland signals budget direction with new shoes

On Monday, Canadian Deputy Prime Minister Chrystia Freeland took part in a pre-budget tradition in which the Finance Minister buys a new pair of shoes to signal the direction the government plans to take in the coming year. This year, Freeland opted for a pair of black heels ahead of the release of the federal budget on Tuesday.

Vacant Home Tax redesign possible after thousands wrongfully charged

More than 100,000 homeowners in Toronto ended up with bills that are now being reversed. Mayor Chow is looking to overhaul the program while some city councillors want it cancelled. Mark McAllister reports.

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.

Greece to offer tourists vacation worth hundreds of euros: Who can come

The Greek government has announced that tourists who vacationed on Rhodes last year will be given a free holiday in 2024. Electronic vouchers will be issued for up to 500 euros. Euronews.travel reports who will be eligible to come for a free holiday and what are the program's conditions. In July 2023, wildfires broke out on Rhodes, forcing about 25...

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.

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...

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...

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

The People v Donald Trump: Inside the first-ever criminal trial of an American president

The People v Donald Trump: Inside the first-ever criminal trial of an American president - Donald Trump’s first criminal trial before election day is about more than hush money. Prosecutors allege a scheme to corrupt a presidential election. Alex Woodward reports

Margot Robbie's film company is making a movie about another family favourite toy

Margot Robbie’s film company is making a movie based on the family favourite board game, Monopoly. Robbie famously starred in the 2023 hit film Barbie, directed by Greta Gerwig, which became an international phenomenon and the highest-grossing film of the year, making $1.38bn (£1.1bn). On Wednesday (10 April) it was announced that the actor’s produ...

Prenups are getting more popular among millennials. What to know before you sign

A prenuptial agreement is like an 'insurance policy' that can not only protect one’s assets but can make a separation process, should a marriage fail, a lot smoother, experts say.

Gun supervisor for Alec Baldwin ‘Rust’ movie gets 18 months in prison

Movie armorer Hannah Gutierrez-Reed was sentenced to 18 months in prison in the fatal shooting of a cinematographer by Alec Baldwin on the set of the Western film “Rust,” at a sentencing hearing Monday in a New Mexico state court. (April 15)

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.

Congressional party leaders reach consensus on aid to Ukraine and Israel - Senator

During a Sunday phone call between United States President Joe Biden and Congressional leaders, a "consensus" was reached regarding the need for swift action by lawmakers to provide aid to Ukraine and Israel, according to the Senate Majority Leader Chuck Schumer. The American senator expressed "hope" at a press conference in New York that "somethin...

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.

Top 10 airlines for the cheapest business class flights

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.

Avoiding shrinkflation is difficult, but these shoppers have a few tips

MONTREAL — Stefani Balinsky not only brings her list when she goes grocery shopping, she also brings a calculator. Oftentimes Balinsky, a mother of a teenager and a 20-year-old, finds herself standing in the aisles and calculating if she's getting the best deal for every dollar spent. It's her way of fighting back against shrinkflation. She recalle...

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

5 simple steps to organize your kitchen cupboards and drawers

Cleaning expert Melissa Maker offers five simple tips for taking control and organizing your kitchen.

3 Growth Stocks That Could More Than Double Their Revenue by 2025

Three outperforming stocks with rising revenues are profitable options for growth investors. The post 3 Growth Stocks That Could More Than Double Their Revenue by 2025 appeared first on The Motley Fool Canada.

Simple ways to do car maintenance like a boss - and save a ton of money

The definitive list on how to keep your prize possession maintained and ready to go...

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

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.

Menopause costs the Canadian economy billions every year. Here’s why

Menopause, exacerbated by stigma, lack of workplace support and the burden of debilitating symptoms, carries a substantial cost for the Canadian economy, a new report says.

As a first-time homebuyer, how much money do you really need for closing costs?

Buying a home comes down to more than just the downpayment and the mortgage costs. Here's what to know about closing fees and and rebates available to first-time homebuyers.

Canadian dollar nears 5-month low ahead of inflation data

By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Monday, approaching a five-month low, ahead of domestic inflation data that could offer clues on the timing of Bank of Canada interest rate cuts. The loonie was trading 0.1% lower at 1.3785 per U.S. dollar, or 72.54 U.S. cents, after trading in a range of 1.3726 to 1.3786. On Friday, it touched its

Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades

NEW YORK (AP) — The stock price for Donald Trump's social media company slid again Monday, pushing it more than 66% below its peak set late last month. Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It's a sharp comedown since nearing $80 after the owner of Truth Socialmerged with a shell company to get its stock trading on the Nasdaq under the symbol “DJT,” for Trump's...

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.

3 Lesser-Known Reasons to Claim CPP Benefits Early

While waiting until 70 certainly has many benefits, there are some Canadians who cannot afford to wait, or have reasons to take out CPP benefits now. The post 3 Lesser-Known Reasons to Claim CPP Benefits Early appeared first on The Motley Fool Canada.

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...

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...

Russia and China sell new copper disguised as scrap to circumvent sanctions

Russian copper company (RCC) and Chinese firms are dodging taxes and circumventing the consequences of Western sanctions by trading a new copper billet disguised as scrap metal, according to Reuters. According to sources, the copper billet was shredded by an intermediary in the remote Xinjiang-Uyghur region to make it difficult to distinguish from ...

Winnipeg business says garbage collector staged photo of overflowing bin, leading to extra charge

A Winnipeg man is accusing a waste collection company of deliberately messing with his bin and charging him for having overflowing garbage.