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...

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.

What a $400,000 House in Tokyo Japan will Get You

Get 10% off with my link on Squarespace - https://squarespace.com/paolofromtokyo This is a Japanese Home Tour of a $400,000 house in Tokyo. This 60,000,000 JPY House tour is pre-renovation so it may look a bit rough. It's a 160 square meters, 44 year old, 4LDK house with 2 garages and a backyard sitting on 181 square meters of land. So in Japan, housing properties are evaluated based on the land value plus the building value. In Tokyo, the average land value is about 1.2M yen 8110 USD per square meter, while in this area, on the outskirts, it averages about 330,000 yen / 2230 USD per square meters, which would value this house’s land at around 400,000 dollars. But since this house was built in 1980, has been poorly maintained, left un-renovated with no one living here for 3 years, the house value in Japan is considered close to zero. Therefore, a total valuation of 400,000 USD. This Tokyo house is a 12 minute walk away from Komae train station, which has many shops and cool restaurants and of course a supermarket. Also, about a 20 mins train ride from Shinjuku station, this area has a down to earth relaxing vibe and my favorite 3 breweries in the area with one just across the street. Real Estate Friend's Website - https://www.jinshomes.com/ Get my Paolo fromTOKYO Premium Kaminari Hot Sauce - https://paolofromtokyohotsauce.com Get my Tokyo & Japan Merch and show your support! - https://www.tokyozebra.com/mrch ___ Tokyo Zebra: My 2nd YouTube Channel ___ See My Life in Japan behind the scenes - https://www.youtube.com/tokyozebra Questions about Japan or Japan Travel? Get answers and chat with my Discord Community - https://paolofrom.tokyo/discord ___ Channel Support ___ Want to help SUPPORT my channel, buy me a BEER or Maiko and I DINNER? Thank you in advance! - PayPal: https://www.paypal.me/paolofromtokyo - Venmo: PaolofromTokyo (venmo.com/paolofromtokyo) - Patreon: https://www.patreon.com/paolofromtokyo - Bitcoin: 1AUZW1Emio4qtRiBir3EUDey1zi3ssoRsw Join YouTube Channel Memberships - https://www.youtube.com/paolofromtokyo/join - Merch Store: https://tokyozebra.com/mrch ___ Help with Subtitles / Closed Captioning ___ - https://paolofrom.tokyo/cc ___ Business ___ Want me to feature your business in my video? [email protected] Want to send me stuff? For ADDRESS - https://www.tokyozebra.com/address ___ For more info about me ___ I'm from TOKYO JAPAN, I've been living here for a long time. I'll be your Tokyo Travel Guide, taking you to the spots I love as well as showing you what to do all around Japan and maybe sometimes overseas. I'm also into Tech so you'll see a few videos about my drone and other cool toys I discover. In short, the channel is all about what I Love, Japan, Food, Travel, Tech and most likely coming FROM-TOKYO, my home. - Website https://www.tokyozebra.com/about - Instagram: @paolofromtokyo - https://instagram.com/paolofromtokyo @tokyo.zebra - https://instagram.com/tokyo.zebra - Facebook: https://www.facebook.com/paolofromtokyoofficial - Twitter: https://twitter.com/paolofromtokyo ___ My Film Gear ___ (Affiliate Links Used - I may receive commission from products purchased) - Main Camera (USA Link) https://amzn.to/2GlSvyy (International) http://geni.us/pyBIG7S - Main Wide Lens (USA Link) https://amzn.to/2o5B00B (International) https://geni.us/DDbpW - Powered Mic (USA Link) https://amzn.to/2B7HnUM (International) http://geni.us/ZaFl4a - Mic (USA Link) https://amzn.to/30VtlPV (International) https://geni.us/lVurdzT - Portable TriPod (USA Link) https://amzn.to/2LKhM6e (International) http://geni.us/DfeI - Gimbal (USA Link) https://amzn.to/2PYmjYA (International) https://geni.us/amgYR3 - Drone (Original) (USA Link) https://amzn.to/2K6qrAW (International) http://geni.us/UFAFl3c - For a complete list of my gear: https://www.tokyozebra.com/my-gear/ Access to Music in video: http://share.epidemicsound.com/zsbS8

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.

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 ...

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.

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.

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

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.

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

How to Earn $14,000 Per Year in Tax-Free Income and Maximize Your CPP Payout

The difference between the maximum and average CPP payout is $1,094/month. To collect the maximum CPP, you need an alternate source of income. The post How to Earn $14,000 Per Year in Tax-Free Income and Maximize Your CPP Payout appeared first on The Motley Fool Canada.

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.

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...

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.

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 ...

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

We're ready to take on 2024.

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.

How the €1 European house scheme actually works

Ready for a doer-upper?

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

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...

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...

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

Top 6 US industries where you can earn the most money

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.

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.

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.

How to Build a Passive Income Portfolio Starting With Just $6,500

Looking to build a passive income portfolio? There's no shortage of great options on the market, including these three stellar picks. The post How to Build a Passive Income Portfolio Starting With Just $6,500 appeared first on The Motley Fool Canada.

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.

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

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

Passive Income: How to Make $1,000 Per Month Tax-Free

Are you interested in passive income? Here’s how you can make $1,000 per month tax-free! The post Passive Income: How to Make $1,000 Per Month Tax-Free appeared first on The Motley Fool Canada.

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.

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.

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.

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. "

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.

Psychology of money and its impact on our lives

Money plays a significant role in our lives, and to accumulate wealth, it is necessary to understand the psychology of money. RBC-Ukraine reports, citing the Instagram page of the psychological portal Meclee, about the characteristics that distinguish people with significant wealth and how changes in attitudes and thinking are reflected in earnings...

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.

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...

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.

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.

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.

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-

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.

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 ...

Philip Morris results beat estimates on demand for heated tobacco sticks

(Reuters) - Philip Morris International on Tuesday surpassed market expectations for first-quarter profit and revenue, helped by robust demand for its heated tobacco product and Zyn nicotine pouches. The Marlboro maker's flagship heated tobacco device IQOS, expected to launch in the United States in the second quarter, has been a driving force behind its effort to make more money from

‘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...

Brent falls to $86 as traders unfazed by Mideast conflict

By Natalie Grover and Deep Kaushik Vakil LONDON (Reuters) -Global oil benchmark Brent slipped on Monday to around $86 a barrel as traders turned their focus to inflation, with tensions in the Middle East having so far left actual supplies unperturbed. Brent futures were down $1.13, or 1.3%, to $86.16 a barrel by 1335 GMT. The front-month U.S. West Texas Intermediate (WTI) crude contract for May

Olympics 2024: Track and Field to be 1st sport to introduce prize money for gold-medal winner

With just months away from the Summer Olympics in Paris, athletes from around the world will be vying for Olympic glory and gold. Usually, those are the only prizes any victorious Olympian will be walking away with — but one Olympic sport will soon raise the stakes by putting money on the table. Mike Drolet explains the historic change.

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