In an age where Canadians have more debt than ever—the debt to income ratio is 152%—few move to a different city with a lower cost of living or lower taxes. A recent article reports that Canadians are slow to move, even if it would better their finances. A World Bank study found that under 1% of Canadian workers move among the 10 provinces. In comparison,…
Everyone has a cause that interests them. Like many Canadians, you may want to donate to a charity or a cause that you deeply care about. However, you may not know how to go about doing it. You may wonder what to look for when donating to a charity, how to make your donation, or how your donation will affect your taxes. The Better Business…
Debt is often a large obstacle to the preservation of wealth. According to a CBC News article, the current trend for Canadians is that their debt is growing. The article reported that, “Although Canadians’ disposable income increased during the first three months of 2012, it did not rise as much as their personal debt did, on average, according to Statistics Canada.
In a great article on CNN Money International, Canadians are advised to “Turn saving into a habit.” Often, Canadians may struggle to save sufficiently, especially if they do not have a financial advisor to help them meet their financial goals. Saving, however, is incredibly important: it not only increases your net worth but also helps to ensure financial well-being.
A photography exhibit, BIG ENOUGH? examines the living spaces in Toronto and how people use their space when it’s at a premium. The exhibit, features a variety of homes and living spaces, and is described this way: How much space do we need to live in the city? When considering the homes we live in, do we desire more or less space? Is the idea…
Since the introduction of Tax Free Savings Accounts (TFSAs) in 2009, there have been many questions asking whether a TFSA is better for retirement savings that the long standing RRSP strategy. TFSAs and RRSPs both offer tax advantages and can be great tools to help you reach your retirement savings goals. If you can afford it, the best strategy would be to contribute as much…
A recent article in the Financial Post begs an interesting question: are we buying our children’s love?
April 30 at midnight… the deadline for most Canadians to file personal returns for the 2011 tax year. Hopefully, the majority of us did this. But what happens if you missed it? Unless you have made it a personal choice to never pay your taxes again, there are a few things you should do within the next few months.
If you haven’t been yet, the annual Sugarbush Maple Syrup Festival is still going strong. The festival is in two locations: Kortright Centre in Vaughan and Bruceís Mill in Whitchurch-Stouffville. It’s fun, family-friendly event that gives you a taste of all things Maple Syrup, a Canadian staple. In fact, the festival organizers say Canada produces 85 percent of the world’s Maple Syrup. The festival includes…
The Seventh Annual Bloor-Yorkville IceFest is back on Feb. 25 and 26 at the Village of Yorkville Park at Bellair and Cumberland streets. The festival will feature ice sculpture displays, ice carving demonstrations and a street-skating performances. From noon to five you can watch as the Winter Wilderness Exhibit comes to life as sculptures work 30,000 pounds of ice. It will include an Ice Log…