Build Your Wealth in Canada
As we age, our financial needs and priorities change. For seniors in Canada, finding the correct bank account can make a significant difference in their financial well-being. However, with so many options available, choosing the best bank account for your specific needs can be overwhelming. Thankfully, bank accounts are designed specifically for seniors and offer …
Are you looking for a new bank in Canada? With so many options available, it can be overwhelming to choose the right one. That’s where Simplii Financial and Tangerine come in – two online banks gaining popularity in recent years. Both banks offer competitive interest rates, no monthly fees, and convenient mobile banking options. But …
Are you a first-time homebuyer in Canada struggling to save for a down payment? Have you heard about the FHSA but don’t know what it is or how it works? You’re not alone. The FHSA, or First Home Savings Account, is a relatively new savings account option designed to help first-time homebuyers in Canada save …
Are you tired of the stress and confusion of filing your taxes each year? Do you want a simple and affordable solution for managing your taxes in Canada? Look no further than Wealthsimple Tax. Wealthsimple Tax is a popular online tax preparation service that makes filing your taxes easy and hassle-free. With its user-friendly interface, …
Taxes can seem overwhelming to most people as they can seem very complex, and most people cannot utilize the framework to the best of their advantage. However, many exciting ways are available to Canadians to lower their taxes and increase their spendable income or, more importantly, investable income. The Government of Canada offers numerous tax …
Are you interested in day trading? Do you want to make quick profits by buying and selling stocks within the same day? If so, you must be aware of CRA day trading rules. Day trading can be a lucrative way to earn money, but it’s essential to understand the tax implications and regulations that come …
Did you recently receive a credit memo from the Canadian government? Are you confused about what it means and why you received it? Don’t worry; you’re not alone. Many Canadians are unfamiliar with credit memos and their purpose. A credit memo is a document that shows a credit balance on your account. In other words, …
Winning the lottery is a dream come true for many people. When you buy those scratch tickets, you are taking a real risk with your money….but what if it pays off? What would you do if the ultimate dream happened and you became the latest jackpot winner in Canada? It’s easy to be overwhelmed when …
You may have been asked for a void cheque at some point. But what is it, and why do people request one? Employers, banks, or even landlords often request void cheques when someone needs to access funds from your account. From needing to deposit money from your employer onto your account to renting an apartment …
Writing a cheque can seem intimidating, especially if you’ve never done it. But it’s 2023, so why are people still writing cheques?! In Canada, there are still certain instances where writing a cheque is necessary. Perhaps the most frequent one is paying rent. If your landlord asks you to write them a cheque for rent, …
