A Tax-Free Savings Account (TFSA) is one of the most powerful investment tools available to Canadians. With a TFSA, you can earn money on your investments—whether from interest, dividends, or capital gains—completely tax-free. This can significantly boost your wealth over time, especially when reinvested. If you’re looking to earn consistent income from your TFSA every Continue reading
Sophie Wilson
Sophie Wilson is a finance professional with a strong academic background, having studied at the University of Toronto. Her expertise in finance is complemented by a solid foundation in analytical and strategic thinking, making her a valuable asset in the financial sector.
Canada Income Tax Brackets for 2024: Maximize Your Tax Savings
Navigating taxes can be tricky, but understanding Canada’s updated tax brackets for 2024 can help you plan better and potentially save more. Here’s a clear guide to the latest federal tax rates and the maximum you’ll owe based on income. Canada’s Federal Tax Brackets for 2024 In Canada, taxes are determined using a marginal tax Continue reading
Unique Tax Strategies for 2024: Essential Year End Planning Tips
As the year-end approaches, it’s time to focus on optimizing your tax strategy. The 2024 tax season brings some noteworthy changes that could impact your tax planning. With just a few weeks left until December 31, here’s a guide to help you make the most of the current tax regulations and set yourself up for Continue reading
IRCC Increases Off-Campus Work Hours from 20 to 24 for International Students
In a major development for international students, Marc Miller, Minister of Immigration, Refugees, and Citizenship Canada, announced that starting November 8, 2024, eligible international students can work up to 24 hours per week off campus during academic terms. This update is a significant increase from the previous 20-hour cap and promises greater flexibility for students Continue reading
CRA to Cut Nearly 600 Contract Jobs by Year-End Budget Reductions
The Canada Revenue Agency (CRA) has announced plans to eliminate approximately 600 term positions across the country by December 13, 2024. This move follows the CRA’s strategic shift from pandemic-related operations and comes amid broader government efforts to reduce public sector spending. Impact of Job Cuts The CRA stated that these layoffs would affect temporary Continue reading
Prediction: What To Expect from Next Express Draw, All We Know So Far
The Express Entry system remains one of Canada’s most popular immigration pathways, offering skilled workers the opportunity to gain permanent residency. The most recent draw, #319, was held on Nov 13, 2024, targeting candidates with Canadian Experience Class. As we look ahead to the next draw, expected on Dec 10, 2024, many candidates are eager Continue reading
Canada Post Announces National Strike on Nov 15: How Mail & Parcel Services Would Affected Across Canada
Major Service Disruption Starting November 15, 2024 The Canadian Union of Postal Workers (CUPW) has announced a nationwide strike set to begin on Friday, November 15, at 12:01 am ET. This action is expected to significantly disrupt Canada Post operations, affecting millions of individuals and businesses across the country. What You Need to Know A Continue reading
Scotiabank Apologizes and Waives Credit Card Interest Charges for Customers Affected by Recent Outage
Scotiabank customers faced significant disruptions recently due to scheduled maintenance that was supposed to last from November 8 to 12. During this period, the bank warned that “some” credit card and line of credit services might be unavailable or partially functional. However, the problems persisted beyond the anticipated maintenance window, with some users continuing to Continue reading
Federal & Provincal Heat Rebates Across Canada in Winter 2024: Check If You Qualify for these Rebates
As energy costs continue to rise, Canadians are seeking ways to make their homes more energy-efficient, with many provinces offering heating rebates to help reduce heating expenses. These rebates often focus on transitioning to more sustainable, energy-efficient heating systems, like heat pumps, which can lower utility bills and contribute to a greener environment. Here’s an Continue reading
Get $600 One Time Heat Rebate in Nova Scotia: Apply Now for the 2024-2025 Season
If you’re a low or modest-income Nova Scotian struggling with the cost of home heating, you’re in luck! The province’s Heating Assistance Rebate Program (HARP) is offering eligible households a rebate of $600 to help with the cost of heating their homes. The program covers various heating sources, including oil, electricity, natural gas, wood, wood Continue reading