canada

So help me understand. Person A has 5 million in stock and at age 60 decides to stop the drip and live on 200 k in div income. Person B same amount invested decides to also live on 200 k and sells this amount of stock. My friend says person A will be taxed more harshly? Any insight on this...

Edit for clarity: confirmed by me, not the government. Note: on the mobile app, you may need to swipe to the right on the table to see all 7 columns. The average CPI for all items for October 2021 to September 2022 was 148.842 (source), representing an increase of 6.3% over the previous...

As the title says. My renewal is coming up and I’m thinking of shopping around.

StockX the shoes get shipped to them in the us and then they reship them wherever, I believe they do charge sales tax and duties and checkout regardless tho. eBay I’m assuming if the person is in Canada you would have to just take 13% of your total sale and save that away for when you have to...

Our home insurance renewal just arrived. It is 14% higher than last year, and a whopping 56% higher than we paid in 2020, despite not having had any claims. After calling the broker I heard the predictable story about “costs of materials, labour, rate of inflation, etc.” I am not an economist...

My wife and I recently moved to Canada and have been renting out our U.K. home whilst we decide where to buy in Canada. I have been paying full U.K. income tax on the rental income as a non resident of the U.K.. Does anyone know if I have to declare anything or pay any tax on this rental income...

I live with my elderly father in Prince George bc as I take care of him and my 2 dogs. It is very hard to find pet friendly places up here. As there are 33 places available on kijiji right now that are pet friendly in a town of 85k people. We have told him for months that we wanted to stay here...

ONTARIO This is only my second term so I’ve never encountered this & I don’t understand it. Got a mortgage with bank X in 2019. It’s a smaller bank. Used a broker, B. Happy enough with the broker B & bank X. (Regret not switching from variable to fixed in mid 2022, but who doesn’t.) We’re...

How does progressive income tax actually work (in as simple terms as possible) The way I understood it is that you only get taxed the prescribed amount on the income that is in that tax bracket The way a lot of people understand it is that as soon as you hit the next tax bracket, you’re taxed...

32 M Net $4000 a month after expenses currently. Federal DB Pension. (50% in my mid 40s) No debt besides the mortgage. Wife is not working and soon to be stay at home mom with baby on the way. Mortgage up for renewal 2 Feb 2024 with 200k principal left. TFSA: 160k (5.2% yield, all...

In this article: What is Progressive Car Insurance Quote Things you need to get a car Insurance Quote How to get a Car Insurance Quote How much should car insurance be? 7 largest U.S Auto Insurers The average Sample rate of U.S auto insurers FAQ What is Car Insurance Quote? A progressive Car...

In the second quarter of 2022, real gross domestic product (GDP) in Canada rose by 0.8%, the fourth consecutive quarterly increase. Growth was moderated by declines in housing investment (-7.8%) and household spending on durable goods (-3.1%) and by a rise in imports (+6.9%) that exceeded...

I spoke with a Scotiabank financial advisor today to learn about different options for getting interest because I have a small amount of money sitting in my account getting no interest, and how to save on monthly fees for my current accounts (checking, savings, etc.). They said there are no...

https://www.bnnbloomberg.ca/goldman-sachs-warns-s-p-500-might-not-bottom-until-2-000-1.1406416

27M Canadian seeking some financial advice on allocating my $20k. Here are my options: Mortgage Payment: Consider a lump sum towards the mortgage with a 37-year term, 5-year variable 6% interest (prime -1.2), currently facing negative amortization from the original 30-year term. Car Loan...

https://www150.statcan.gc.ca/n1/daily-quotidien/240319/dq240319a-eng.htm?HPA=1&indid=3665-1&indgeo=0 StatsCan wil be making a post too with more detail. Edit: Statscan has made their post. This thread will be locked. Please refer to their thread.

Hey, I have a 5% matched GMPP through Canada Life with my work. They put me in a balanced portfolio as the default & I want to make it more aggressive. I'm 25 and looking to retire by 55-58. In currently in: 54.42% in Balanced Pension Trust (PH&N) - 0.723% MER, 7.48% 10-year rate of...

Hi everyone! I’m a psychology student at Columbia University currently conducting a study to better understand Canadian financial preferences! Currently, I am looking for Canadian residents who are 30 years or older. The survey only takes 4-6 minutes and you would be participating in really...

“At the time, Veenstra turned down the extra insurance offered by the rental company because she was confident she had adequate coverage through her credit card.” “When she returned the vehicle and filed a claim, she was shocked to discover her credit card insurance would not cover pickup...

Just to have a general idea