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.

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.

Top 6 US industries where you can earn the most money

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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.

What I Own: First time buyer Biro, who bought a £1m home in Brighton with no mortgage

'We've always dreamed of buying our own home.'

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...

Tax filing is open: Here are the changes to know about in 2024

There are changes you need to know about as the 2023 tax season opens. Breanna Karstens-Smith looks at how you can save money or where you might lose money.

Dollar hits new 34-year peak against yen on higher US rate outlook

By Gertrude Chavez-Dreyfuss and Alden Bentley NEW YORK (Reuters) -The U.S. dollar hit a fresh 34-year high against the yen in subdued trade on Monday, with market participants taking their cue from the Federal Reserve's higher-for-longer interest rate stance, even as they remained alert to any signs of intervention by Japanese authorities to prop up the struggling yen. The dollar hit a fresh 34-

Tesla shares drop on price cuts in run-up to earnings

(Reuters) - Tesla fell more than 3% in premarket trade on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its earnings report later this week. The company slashed prices by up to $2,000 on its vehicles such as the Model 3 and Model Y in several markets including the U.S., China and Germany over the weekend,

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.

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.

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.

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.

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.

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

Bitcoin traders shrug off 'halving' to focus on broader market risks

By Elizabeth Howcroft LONDON (Reuters) - Bitcoin's so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency's fortunes were more closely tied to broader financial market sentiment and geopolitics. Bitcoin enthusiasts had eagerly waited for the "halving" - a change to the cryptocurrency's underlying technology that happened

Trump lawyer Alina Habba fumes civil fraud hearing ‘wasted time and money’ after bond deal reached

Trump lawyer Alina Habba fumes civil fraud hearing ‘wasted time and money’ after bond deal reached - Alina Habba fumed that Letitia James thinks ‘our cash somehow isn’t green enough’ before she switched courtrooms and joined Donald Trump in criminal court for his hush money trial

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.

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

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

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How the €1 European house scheme actually works

Ready for a doer-upper?

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.

Reuters: World Bank financing arm plans to invest $1.9 billion in Ukraine

The private financing arm of the World Bank plans to invest $1.9 billion in projects in Ukraine over the next 18 months, Reuters reported on April 22. According to its website, the International Finance Corporation (IFC) is the "largest global development institution focused exclusively on the private sector in developing countries." Since the laun...

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.

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 and when to ask for a raise

Business coach and Edmonton AM workplace columnist Margot Ross Graham shares her tips for the most effective ways to talk to your manager about your salary.

‘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...

Short sellers pocket record weekly profit from Big Tech selloff

(Reuters) - Traders who bet against the "Magnificent 7" group of big U.S. tech stocks booked their biggest-ever weekly profit of more than $10 billion last week, with the biggest gains coming from their short position in shares of Nvidia and Tesla, Ortex data showed. The chip designer shed almost 14% last week to clock its worst weekly fall in over 19 months, helping short sellers rake in more

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...

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 ...

Matthew Green, MP for Hamilton Centre, questions Liberal government on soaring gas prices

Matthew Green, MP for Hamilton Centre, was looking for answers, from the Liberal federal government on Thursday, to a question about why gas prices soared across Canada Wednesday night.

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...

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 ...

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.

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

Canadian dollar gains for fourth day as Wall Street rebounds

By Fergal Smith TORONTO (Reuters) - The Canadian dollar strengthened to a 10-day high against its U.S. counterpart on Monday as risk appetite improved and after domestic data showed new home prices stabilizing in March. The loonie was 0.4% higher at 1.3695 to the U.S. dollar, or 73.02 U.S. cents, adding to its winning streak since Wednesday and trading at its strongest level since April 12. "

Inequality worsening as wealth gap widens to highest since 2015: TD Bank report

TORONTO — The gap between the highest earners and lowest income groups last year was at its widest since 2015 as the wealthiest households saw income grow much faster than lower-income Canadians. Higher interest rates are pushing middle- and lower-income households to spend more conservatively, which means consumer spending by the top earners will ...

Trump’s legal fees eat into his campaign funds as millions more drained from coffers

Trump’s legal fees eat into his campaign funds as millions more drained from coffers - One group that has underwritten many of the former president’s legal fees spent nearly $3.7m last month

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...

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.

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 Matters: New condo sales in the Greater Toronto Area fall 71% below 10-year average

New condo sales tumbled 71 per cent below the 10-year average in the first quarter of this year according to analysis by Urbanation. Anne Gaviola has more on what’s happening in Business Matters for Monday, April 22, 2024.

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

We're ready to take on 2024.

Bloomberg: US aid can give Ukraine respite but quick battlefield shift unlikely

The U.S. aid can provide Ukraine with breathing room, but an actual shift on the battlefield remains distant, Bloomberg reported on April 22. After months of congressional gridlock, the U.S. House of Representatives passed a $61 billion aid bill for Kyivon April 20, sending the legislation to the Senate. The delays have led to critical shortages in...

Toronto home prices expected to surpass Vancouver in 2024

GTA housing prices are expected to increase more than any other jurisdiction this year. As CBC’s Chris Glover reports, Royal LePage’s projection of a 10 per cent increase in GTA home prices by the end of 2024 means Toronto prices will surpass Vancouver.

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

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.

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.