Five pieces of recession-proof financial advice for new graduates

Breadcrumb Trail Links Personal Finance Family Finance There is hope and opportunity even in times of economic shakiness One of the best decisions you can make as a new graduate is to continue investing in yourself, writes Susan O’Brien. Photo by David Bloom/Postmedia files Reviews and recommendations are unbiased and products are independently selected. Postmedia […]

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Why it’s time for borrowers to accept the new normal of higher rates

Breadcrumb Trail Links Real Estate Personal Finance Mortgages Interest rate normalization is causing the cost of debt to go up — and likely stay up Homes for sale in East Gwillimbury, Ont. Photo by Cole Burston/Bloomberg files Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases […]

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Here’s how you can get Canada’s new dental benefit and housing top-up

Breadcrumb Trail Links Taxes Personal Finance Jamie Golombek: To receive benefit payments, you must have filed a 2021 tax return with the CRA Publishing date: Dec 01, 2022  •  December 1, 2022  •  3 minute read 13 Comments Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland in Ottawa. Photo by Blair Gable/Reuters files […]

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Cut taxes owed to CRA by checking RESP withdrawal strategy in December

Breadcrumb Trail Links Taxes Personal Finance Jamie Golombek: If you’re strategic, you may be able to get all the funds out of the plan tax free The Canada Revenue Agency has provided new guidance on what is considered a “reasonable” expense for educational purposes. Photo by Getty Images/iStockphoto Reviews and recommendations are unbiased and products […]

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Teamwork helps common people achieve uncommon financial results

Breadcrumb Trail Links Personal Finance Family Finance Debt Here’s who you might need to help you achieve your money goals The network of experts you assemble for yourself will look out for your best interests and consider all aspects of your financial goals. Photo by Getty Images/iStockphoto Reviews and recommendations are unbiased and products are […]

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CRA tax instalment payments can incur penalties if you make this error

Breadcrumb Trail Links Taxes Personal Finance Jamie Golombek: Choosing the wrong payment option can lead to arrears interest and even instalment penalties Publishing date: Dec 08, 2022  •  2 days ago  •  5 minute read 19 Comments Choosing the wrong tax instalment payment option can lead to costly penalties from the CRA. Photo by Brent Lewin/Bloomberg […]

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How do I invest my inheritance if I’m in a low income tax bracket?

Article content By Julie Cazzin with Janet Gray Article content Q: I just sold five paintings from my parents’ art collection. Both my parents are deceased and left the paintings to my sister and I in their will. The money is more than I expected: a $350,000 windfall in total. Considering my parents only paid […]

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How To Become A Good-Enough Investor: Lessons Since 1996

You don’t need to be a great investor to make lots of money. You just need to be a good-enough investor. Once you’re good enough you’ll be able to ride an almost constant tailwind toward financial independence. Further, you’ll learn to no longer blow yourself up and lose all your progress. One of my favorite […]

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Americans Can Save A Lot Of Money If We Want To, Don’t Worry!

During the pandemic, we learned that Americans can save a lot more money if we want to. Take a look at the historical American personal saving rate chart according to the U.S. Bureau of Economic Analysis and the St. Louis Fed. After lockdowns began on March 18, 2020, the U.S. personal saving rate skyrocketed from […]

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Being A Professor Is The Ideal Occupation For Riches And Status

There are very few occupations that provide the ideal combination of riches and status. Being a professor is one of them. Tenured professors are able to make six-figure incomes and earn valuable pensions. Getting a PhD or a post-doctorate is the pinnacle of academic achievement. Meanwhile, most people respect professors for their positive contributions to […]

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