For years, banks have not offered competitive savings rates in deposit accounts. This allows them to make a lot more off of your money. With the current high rate of inflation, saving money in a “savings account” costs you about 4-5% in buying power annually (If you’re even getting a “decent” interest rate.) Compounding this over time, it’s losing you a ton of future buying power. If you’re planning to save your way to retirement, plan on being very poor.
You’ll discover small ways you may be wasting money or inadvertently spending more than you should.
What we’re talking about in this post is tax issues for students, what creates taxes, and what documents you need to file them.
Getting your student finances in order will help now – and in the future.
Essentially, residents of Ontario can claim 20% of qualified accommodation expenses for vacationing in Ontario.
This post will cover some basic strategic moves you can make to have a brighter financial future.
A positive cash flow asset creates cash flow every month.
In Canada, the more you make, the more income tax you pay.
The employment expenses tax deduction in Canada is very necessary for working Canadians.
The use of a personal vehicle can be tax deductible for both employees and self-employed individuals.