Financial freedom and the ability to call it quits at your job while young may seem unachievable for many Canadians today. But with a committed effort and the right financial strategy, even the unachievable can be doable in these challenging times. ‘How to retire early in Canada’ is one question burning on the lips of …
Strategies for Achieving Early Retirement in Canada Read More »
The goods and services tax (GST) is a tariff on the production and supply of goods and services in Canada, and it’s charged at 5%. For instance, if you purchase a shoe for your kid at the price of C$100, you’ll need to pay the total cost of C$105 to the seller. The extra C$5 …
What You Need to Know About Goods and Services Tax (GST) Read More »
Canada has a financial system anchored on conservatism, which means small calculated risks return even lesser rewards, so you’d expect your regular savings account to earn a low interest. But if you’d like to make good money on your deposit, a high-interest savings account (HISA) is your best choice. However, there is so much to …
The ever-growing importance of Big Data is a result of BI (Business Intelligence). Today’s businesses need to understand the value of data and how to utilize it to their advantage. Little wonder some of the biggest companies in the world, like Facebook and Google, are data companies. From food blogs to Fortune 500 conglomerates, many …
Looking at TD Bank when searching for an affordable auto loan is not unusual. TD Bank is one of the top ten banks in North America and second only to RBC in Canada. Therefore, the financial behemoth is expected to offer TD auto financing for potential car owners. However, there is a catch; TD Bank …
Hate it or love it, income tax remains a huge source of revenue for the Canadian government, like many other governments around the world. It is also the primary source of revenue for all of Canada’s provinces and territories. However, the jewel in the crown is the personal income tax, which brings in triple the …
The Basics of Income Tax in Canada: What You Need to Know Read More »
The Canadian government has hundreds of government business loans, programs, and resources to ensure Canadian businesses compete globally. Although many Canadian businesses opt for traditional funding, there are lots of advantage to be had when you leverage government funding for your business, which includes: There are four types of Canadian government funding for businesses. They …
Canadian Government Loans: Which One Is Right for Your Business? Read More »
One of the first things you need to do before you go out to the dealership or bank is to establish your car budget. Putting a peg on how much you need to spend on your monthly rates will come in handy when you’re about to buy a car. And for you to do that, …
How to Choose the Best Interest Rate for Your Car Loan Read More »
There are many ways to save money in Canada without living like a pauper. You may see budgeting as impossible, but even the most extravagant spenders can find surprising ways to cut expenses. You might learn to forego a few things, but you won’t have to do without TV or live in the woods to …
16 Ways to Cut Your Expenses and Save Money in Canada Read More »
As with all mutual funds, CIBC Mutual funds comprise a collection of investment products put together, with investors taking a portion of the mutual fund relative to their investment. Despite being the smallest of the Big Five in terms of market share, assets, and capitalization, CIBC still punches above its weight with its mutual fund …
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