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News: Money

Amid 'astronomical' house prices, councillors push for bigger tax rebate in first-time buyers' pockets

Saturday  12:50,   25 january 2020

A pair of city councillors are pushing for a rethink on Toronto's municipal land transfer tax rebate for first-time home buyers, suggesting the cap should be increased to match the city's sky-high home prices.Right now, residents hoping to... >>>

TD to start charging compound interest on all personal credit cards

Friday  22:45,   24 january 2020

TD says it will add unpaid interest charges to cardholders' balances at the end of each statement period beginning in March. While many Canadians assume all credit cards charge compound interest, that is not always the case.Related video: Should >>>

'Bachelorette' alum passes away

Friday  19:31,   24 january 2020

Thrift store shopping for clothes benefits your budget and the environment, helping divert some of the send 10.5 million tons of textiles North Americans dispose of each year. Many second-hand shops are fundraising arms for local charities. While a... >>>

Employees tweet at their own risk, as one Canadian worker recently learned

Friday  19:05,   24 january 2020

Employees tweet at their own risk, as one Canadian worker recently learnedHe responded by lambasting his employer... >>>

Cannabis firm Aphria signs deal for $100M investment from institutional investor

Friday  17:55,   24 january 2020

Cannabis firm Aphria signs deal for $100M investment from institutional investorThe company did not identify the investor, who will acquire roughly 14 million units of the company at a price of $7.12 per... >>>

Governments that wasted massive windfalls

Friday  16:30,   24 january 2020

From oil to gas and other natural resources, these governments haven't spent windfalls... >>>

Evictions on the rise as Montreal's vacancy rate hits 15-year low

Friday  12:07,   24 january 2020

Michelle Tompkins and her husband want to fight the repossession, but they're also looking at other apartments. She says many units in the area are out of their price range, and with a three-year-old son, the family is on edge. "I try to just... >>>

Insurance impasse puts snowmobile season on thin ice

Friday  12:07,   24 january 2020

The United Counties of Prescott & Russell is refusing to renew its insurance agreement with the volunteer-run association that oversees snowmobiling clubs in the province, placing some parts of eastern Ontario's trail network off limits.The... >>>

Wills, funerals, estates: Tough money talks to have before it’s too late

Friday  09:05,   24 january 2020

Some experts say planning for your funeral, preparing an estate and figuring out your will should be part of your financial planning in 2020. For many, death is taboo, says Melissa Leong, author of finance guide Happy Go Money."Even the mention of... >>>

RRSP 101: How to Grow $10,000 Into $365,000 in 25 Years

Friday  09:00,   24 january 2020

Canadian savers can use their RRSPs to create significant funds for retirement. Here's how.Canadians are increasingly reliant on self-directed investing as a means of building a pension... >>>

Unifor and CRC call for a return to the bargaining table — with strings attached

Thursday  22:22,   23 january 2020

Unifor and CRC call for a return to the bargaining table — with strings attachedThe company says to get back to the table, the barricades must come down. Unifor says its members will take down the barricades, if the company stops bringing in... >>>

4 financial resolutions to really get a handle on your money in 2020

Thursday  18:41,   23 january 2020

Paying down debt and boosting your savings is important. But you may need more than that to start off the new year the right way.Paying down debt, spending less and saving more are the resolutions of choice for most people, and understandably so.... >>>

William Watson: Higher-income Canadians who work hard and pay their taxes are unsung tax heroes

Thursday  18:30,   23 january 2020

William Watson: Higher-income Canadians who work hard and pay their taxes are unsung tax heroesReading through Philip Cross’s new study, “Should upper-income Canadians pay more income tax?” , which the Fraser Institute released Thursday and which... >>>

Douglas Todd: Vancouver's luxury builders should be nervous

Thursday  17:35,   23 january 2020

In Manhattan, half the luxury condos built in the past five years remain unsold. Vancouver builders are watching as thousands of New York City condos in glistening “super-skinny” towers, rapidly erected to serve a flood of demand from global... >>>

Millionaires at the World Economic Forum are demanding higher taxes: Don Pittis

Thursday  13:55,   23 january 2020

Patriotic Millionaires, an exclusive U.S. club that also includes billionaires, released a letter at the World Economic Forum in Davos, Switzerland, demanding elites add their names to a new plan to make the world a better place through tax... >>>