Build Your Wealth in Canada
A Calgary, Alberta-established company in 2019, Neo Financial has now become one of Canada’s leading banking solutions. It was founded by Andrew Chau, Jeff Adamson, and Kris Read to break out from your traditional banking procedures. Since its inception, Neo Financial has now become a highly sought-after digital alternative for Canadian finances. With its offerings …
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 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 …
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, …
Top Banks For Newcomers to Canada Scotiabank, Canada’s largest bank, is one of the country’s most popular credit institutions with a wide selection of credit cards, checking accounts and savings accounts, including special offers for young people, students and seniors. There are two account options in the United States Dollar and plenty of cashback and …
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, …
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, …
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 …
So you’ve received a payment in your bank account labelled “Canada RIT Deposit” or “Canada RIT.” This transaction is related to your tax return, which may be good or not as good as you thought. What is Canada RIT? Let us explain the Canada RIT meaning so you can understand what it is and what …
What is “Canada RIT” Meaning? What You Need to Know. Read More »
Managing your finances can be intimidating. Once you jump into the financial sphere, it becomes increasingly difficult to keep up with your spending. One of the most important things you’ll have to do for your financial security is to keep your money in a secure place. Sure, keeping it in the cupboard might do the …
