As Canadians navigate the challenges of a higher cost of living, many are finding it difficult to contribute to their Registered Retirement Savings Plan (RRSP) this year. A recent survey by Edward Jones Canada revealed that one in ten of the 1,528 people surveyed reported being unable to invest in their RRSPs at all. With Continue reading
Month: March 2025
Canadian Dollar Falls to 3-Week Low as Hopes for Tariff Relief Diminish
The Canadian dollar experienced a notable decline on Thursday, hitting a three-week low against its U.S. counterpart, following U.S. President Donald Trump’s confirmation that tariffs on Canadian goods would take effect on March 4. This statement clarified earlier uncertainties regarding the timing of the tariffs, effectively extinguishing any hopes that the imposition might be postponed. Continue reading
While many Canadian pension funds acknowledge the urgency of climate change, some remain indifferent
Canada’s national pension system is under fire for not meeting its climate change commitments, as leading watchdog group Shift Action for Pension Wealth and Planet Health calls out the country’s pension plans for their lack of progress in a new report. While some of Canada’s top pension funds have made significant strides toward addressing climate-related Continue reading
How Your Net Income is Calculated for Taxes and OAS
Understanding your net income and how it’s calculated is crucial when it comes to managing your finances and minimizing tax liabilities in Canada. The Canada Revenue Agency (CRA) has a specific formula for determining personal income tax, and it’s essential to understand each step of the process to make the most of tax deductions and Continue reading