CP 24 ~ Feb. 22, 2023 The Canada Revenue Agency kicked off its tax season this week by urging Canadians to file their taxes on time — and reminding them that they may be owed money. The filing deadline of April 30 falls on a Sunday this year, so Canadians… Read More
Category: News
5 steps to stop feuding financially with your partner
Financial Post ~ Feb 10th, 2023 The statistics aren’t great for couples who argue about money. Being on the same page and having a way to talk — rather than fight — about money with your partner is crucial for a stable financial future. Whether you and your partner stay […]
Toronto’s vacant home tax goes into effect this year. Here is what you need to know.
January 6th, 2023 Toronto residents whose properties sit vacant for more than half the year will soon have to pay a hefty tax but it remains to be seen whether the penalty will actually help boost housing supply in a city facing an affordability crisis. Homeowners have been given until […]
2022’s year in Review: The financial highs, lows and what’s in store for 2023
Money Sense ~ December 22nd, 2022 A recap of the ups and downs investors and the markets dealt with in 2022 and a hint of what may be in store for them in 2023. What happened in 2022 to affect our finances. Let’s break down the highs and lows of […]
What the latest Bank of Canada rate hike means for inflation, consumers
CTV News ~ December 10th, 2022 The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent — the highest it’s been since January 2008 — on Wednesday in its final rate decision of a year that has been marked by stubbornly high […]
The Bank of Canada is warning Canadians to brace for a rough winter
CBC News ~ November 12th, 2022 For years now, central banks around the world have helped consumers and businesses weather economic storms. In crisis after crisis, they cut interest rates to help people get through. They printed money and bought bonds to prop up markets. This time, those same banks […]
Big banks hike short-term fixed mortgage rates as their popularity grows
Canadian Mortgage Trends Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. The rate hikes have largely been limited to 1-, 2- and 3-year fixed mortgage products, including both special offer and posted mortgage rates. The hikes were seen at TD, Scotiabank, […]
As rates rise, is now the time to lock in a fixed mortgage? Here’s what to know
Global News ~ September 17th, 2022 The Bank of Canada’s rising interest rates have some variable-rate mortgage holders thinking about the upside of locking in a fixed rate, according to experts who spoke to Global News. But the peace of mind that comes with a steady rate has trade-offs that […]
Interest rate hike to ‘intensify’ Canada’s housing market downturn
Globe and Mail ~ September 7th, 2022 Canada’s real estate slump is about to deepen, as the rising cost of borrowing pushes more buyers out of the market, economists predict. In announcing its latest interest-rate hike on Wednesday – to 3.25 per cent from 2.5 per cent – the Bank […]
Robert McLister: You’re unlikely to qualify for ultralow mortgage rates
Globe and Mail ~ August 24th, 2022 Look online and you’ll see mortgage rates as low as 3.44 per cent for a five-year variable and 4.19 per cent for a five-year fixed. Seems like a steal, right? Especially in a world where the best deals that our megabanks are advertising […]