In Canada, all dividends are taxed. The good news is that if you receive dividends in Canada, you are eligible for the Dividends Tax Credit. The important thing to know is that as of 2021, you’ll have to pay taxes when your eligible dividends reach $63,040 CAD. That’s not all, though. In this piece, we’ll …
Saving money in Toronto is pretty difficult for many people. There’s no way around it – living in Toronto is expensive. According to Numbeo, the average cost of living for a family of four in Toronto is over $4,000 and that’s without rent! Add in the Toronto rent factor, and you’re looking at at least …
If you want to have lasting financial success, you’ll need to start taking control of your finances. People who have a lot of money all have one thing in common – they know how to save. How to Save Money Fast Without further ado, here are ten ways to save money fast so that you …
10 Clever Ways to Save Money Fast on a Low Income Read More »
More commonly referred to as a “Foreign Direct Investment”, or “FDI”, a direct investment occurs when an investor places money into a company in another country. Many investors like to make this type of investment because it gives them a strong voice in the management of the company. Of course, there’s lots more to learn …
When it comes to credit card processing, there are lots of different options to choose from. You could spend endless hours searching the internet for different card processing companies, but let’s focus on three of the most prominent names in the industry – Helcim, Square, and Moneris. We’ll take a deep look into what the …
There are numerous times in life where we may be asked for our banking information such as our transit number or branch number. If you start a new job, sign off a cheque, or do a wire transfer, you may need to know your banking information. But transit numbers and branch numbers are often confused. …
Transit Number vs Branch Number vs Routing Number Read More »
When renting a home or property, there’s a lot of information that your landlord can request – but they aren’t allowed to ask you anything they want. In Canada, we all have human rights. This means that there are laws surrounding what a landlord can and cannot ask you. This is true during the rental …
What Information Can a Landlord Ask for in Canada? Read More »
Canada has an excellent medical system that is considered one of the best in the world. Unlike in the United States and many other countries where people have to pay for their own health insurance, our health insurance is covered by the Government and paid for through our taxes. In other words, every Canadian citizen …
How Much Does it Cost to See a Doctor in Canada Without Health Insurance? Read More »
If you’re looking to start an online business where you will be selling products or services, you’ll need a good eCommerce Platform to get you started. An eCommerce Platform is something that provides you with everything you need to sell online. A well-rounded platform will allow customers to search for products, add products to a …
There are lots of different types of loans out there. Student loans, auto loans, credit-builder loans, the list goes on and on. But the type of loan we’d like to focus on right now is called a personal loan. Personal loans are any type of loan that is given out for a personal need. They …
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