Media misinformation has created a buzz among Alberta’s electric vehicle (EV) owners, sparking confusion about the proposed $200 tax for EV registrations. However, EV drivers can breathe a little easier—the tax is not taking effect as soon as some reports suggested. Understanding the Proposed EV Tax In Alberta’s spring budget, Finance Minister Nate Horner proposed Continue reading
Kathy Hilton
Canadian Wins Whopping $54 Million Lottery Jackpot
After 22 attempts, the elusive gold ball was finally drawn in Saturday night’s Lotto 6/49, making one lucky player in Alberta an instant multimillionaire. The winning ticket matched the gold ball number 35-35-36-29-01, securing an incredible jackpot of $54 million. Classic Draw Results: No Top Prize Winner The winning numbers for the Lotto 6/49 Classic Continue reading
Canadian Dollar Steady as Benchmark Yield Declines
On Monday, the Canadian dollar remained stable against the U.S. dollar, with no significant changes in its value. The loonie was trading at C$1.4407 to the greenback, or 69.41 U.S. cents, after fluctuating between C$1.4374 and C$1.4416 throughout the day. Canadian Government Bond Yields Experience a Slight Decline Canadian government 10-year bond yields decreased by Continue reading
Canadians’ Top Financial Priority for 2025 Paying Down Debt, CIBC Poll Finds
As we approach 2025, a new survey from CIBC reveals that Canadians are placing debt reduction at the forefront of their financial goals. According to the bank’s annual Financial Priorities poll, managing debt and keeping up with rising household costs remain the most pressing concerns for Canadians. Rising Costs and High Interest Rates: Key Financial Continue reading
Time Is Running Out to Claim Your $200 Ontario Taxpayer Rebate for 2025 File Your 2023 Tax Return Now
If you haven’t filed your 2023 tax return yet, time is running out to ensure your eligibility for Ontario’s $200 rebate. The Ontario government has announced that taxpayers have until the end of 2024 to submit their tax returns and claim this rebate. What Is the $200 Rebate? On October 29, the Ontario government revealed Continue reading
Canadian Dollar Finds Modest Support Amid Holiday-Thinned Market Activity
The Canadian Dollar (CAD) saw a modest rise of 0.4% against the US Dollar (USD) on Monday, as global markets prepare to wrap up a quiet 2024 trading season. With many investors sidelined due to the holiday season and midweek market closures for New Year’s Day, the Loonie’s recent movement reflects a lack of strong Continue reading
Smart Estate Planning Tips for Child-Free Canadians
Estate planning is often associated with families and children, but for Canadians without children, it’s just as critical. Without heirs, you might think estate planning is less relevant. However, taking control of how your assets are managed and distributed is vital to ensuring your wishes are honored, minimizing legal complications, and creating a meaningful legacy. Continue reading
Competition Bureau Files Lawsuit Against Rogers Over Alleged Misleading Unlimited Data Claims
Canada’s Competition Bureau has taken legal action against Rogers Communications Inc., accusing the telecom giant of deceiving consumers with advertisements for phone plans marketed as offering unlimited data. The Bureau alleges these plans create a “false or misleading impression” about their features, claiming they include data caps and drastically reduced transfer speeds after those caps Continue reading
Unexpected $36.29 e-Transfer from MNP? Here’s Why Facebook Might Be Behind It
If you’ve recently received an Interac e-Transfer for $36.29 from MNP, rest assured, it’s not a scam. This payment is part of the settlement for Facebook’s Sponsored Stories class action lawsuit. What Was the Facebook Sponsored Stories Lawsuit About? The lawsuit focused on Facebook allegedly using users’ names and profile pictures in advertisements without their Continue reading
Charities Urge Extension of Federal Tax Credit Deadline to February to Recover Lost Donations
Local charities are urging the federal government to extend the deadline for claiming charitable donations on tax returns to the end of February. This measure, they say, would help mitigate funding losses caused by the Canada Post strike and encourage donors to maintain their giving habits through 2025. The Impact of the Canada Post Strike Continue reading