canada

im new to Canada and the taxing is confusing. I store away about 2000 a month into a TFSA account right which pays 0.8percent interest. I also have the Wealthsimple cash account which pays out 4 percent but taxed. Assuming iam consistent with the 2k saving for 12 month.. which is better?

Hello! I have a question regarding new home warranty coverage in BC. Technically it's supposed to be a warranty, rather than insurance but they're all insurance companies that provide the warranty so I think this is the right sub-reddit. Please redirect if I'm wrong. In the recent (very...

With the year winding down and just a few more trading weeks left, I thought it would be interesting to map the YTD and 5-year performance of several global markets. Please let me know your thoughts! My observations, YTD and 5-Year It's shocking how crap the UK has performed, but perhaps not...

Hello, I see the question asked a lot as to which one should be maxed out first. I see people say that the TFSA should be maxed first if your Retirement income with be more than your current salary. This is where my confusion comes in. When this statement is said, what exactly is meant by...

Looking at a 60k premium AWD Ford Mach-E (Mustang). Currently own (free and clear) a 2018 Ford Escape that’s in really great shape, but has 113k on it. Thinking I could get 15k for trade-in or sell privately and perhaps get a bit more. Really like this car and the idea of not paying $2.05/L at...

Hello, I’m just getting into investing and I’m wondering if anyone has any input on which services might be best (Questrade, wealthsimple, etc)? I’m also debating talking to a financial planner, but I’m not sure yet. I’m pretty sure dealing with my bank isn’t the best bet, as their advisors...

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Looking to start investing some money every month and just want to know what I can put money into for 20-30 years thats the equivalent of investing in the s&p 500 for Canadians.

I am looking into doing things like opening an account with some American streaming services and also maybe opening a American PayPal account. They all can tell when a credit card is issued in Canada vs America and can block me as a result. I was looking into the feasibility of getting a U.S...

I am using yahoo finance site to understand details about stocks or etf. Both TD n veqt have dividends. I can see payout ratio for TD but not for veqt. Is it because veqt is ETF, n etf don’t have defined payout ratio?

Let's say maternity EI pays you 500 a week for 52 weeks or about a total of 26,000$. Is it possible to get that 26,000$ over 36 weeks instead? I don't think this is currently possible but the NDP talked about it...

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Hi Reddit, I’m a 23f living at home and am aggressively trying to save money. With my 2 jobs I roughly make an 80-85k gross income. I have future goals of buying a home and possibly doing my masters. Right now my scotia bank financial advisor has recommended I put my TFSA money into the Scotia...

As the title says. I was filing this year’s tax using simple tax. Went into last year’s notice of assessment to retrieve the net file code. What do I see? I owe some 8-9K? First I lose my shit. Then I go check my bank account and turns out I did pay it all while filing my taxes on April 25...

I 24M will be going from ~32k (minimum wage) to ~74k. I recently secured a government job as a IT-02 and will be making more money. I’m just wondering what is the best course of action for it. I’m lucky enough to be living at home still without rent. I invest 400$/month into a TFSA managed by...

My partner and I are weighing options and trying to figure out the best way to use our savings. I figured I'd post here to see what people suggest. Here are the facts: - We are in our late 20's. - We do not have kids, and we will never have kids. - Our only debts are a 40 year mortgage on our...

Mortgage amount: $1,000,000 Current payment; $6501,55 Rate: 6.45 Term left: 2 years, ten months. Fixed mortgage rate (three years): 5.23% New payments: $5,745.51 Thank you! Edited to add current mortgage amount

So like the title says I am a 21 year old male and I recently broke my leg in a sport related injury outside the workplace. I know I immediately don't quality for any workers compensation but I read into CPP disability benefit and I think I may qualify but wanted to get some kind of reassurance...

So, I found my parent's life insurance paperwork 13 years after they died. I contacted the company and they advised that they don't have records after 7 years of no contact/payment. Without saying so, they are telling me to pound sand. Is this a legitimate excuse not to pay, or do I need...

Recently tried to apply for a TD Visa Infinite credit card and was told I’d likely be rejected. Hoping to understand why because this has t ever happened to me before! My current income is $130,000 (10+ years of employment w current employer). $506,000 in mortgage and car loan debt (though...