Canadian PSA: If you’re an employee who worked from home, you can claim a home office credit
Don’t forget to get your money (max: $400) for home office expenses if you’re an employee who worked from home for more than 50% of the year, for at least FOUR CONSECUT
RRSP versus TFSA: Which one should you contribute to in Canada?
This is the age-old debated question: WHERE SHOULD YOU PUT YOUR MONEY?!!!! Well, here’s a quick guide: RRSP in 2020 18% of income Maximum of $27,230 You can be any age to con
Canada Basic 101: Tax-Free Savings Account (TFSA) for Canadian Investors and Savers
Today, we are reviewing the Tax-Free Savings Account (TFSA) which is very terribly named because you should ABSOLUTELY not use it for savings, but for INVESTING. Who can contribute
Canada Basic 101: Registered Retirement Savings Plan (RRSP) for Canadian Investors and Savers
Today, we are reviewing the Registered Retirement Savings Plan (RRSP) which is very terribly named because you should ABSOLUTELY not use it for savings, but for INVESTING. Who can
Who has the most in debt in Canada?
Over 60% of household debt was held by those under 45 years of age, and nearly one-half was held by couples with children. Individuals who had a household income of at least $100,0
Want an extra million just from tax savings alone?
(That’s the sexy headline.) Let’s look at $60K from a salary versus $60k from eligible dividends (Corporate dividends) Salary Eligible Dividends Income $60,000.00 $60,0
Canada: Can you save too much in your Registered Retirement Savings Plan (RRSP)?
I know it sounds ridiculous. Saving TOO MUCH in your retirement plans? This is definitely a #RichPersonsProblem, but nonetheless, one that exists. However, it is true that the gove
Cheap USD Conversion: How to convert Canadian Dollars ($CAD) into U.S. American Dollars ($USD) using Norbert’s Gambit
Who/What is Norbert’s Gambit? “Norbert’s Gambit” is named for Norbert Schlenker who developed this method for his own personal use to be able to take his Canadian Dolla
What else you can use in Canada to save for your child if you have already maxed out your Registered Education Savings Plan (RESP)
So I always put in $2500 a year for Little Bun’s RESP to get the maximum 20% match from the government and the province. I don’t put in more than $2500 because at the r
How Canadians can use USD when traveling & transfer USD from Paypal to USD at a bank in Canada or Questrade (Royal Bank of Canada RBC, Wise formerly Transferwise and TD Bank)
Ahhhh U.S. I work so much with Americans and get paid a lot in $USD but always get screwed with $USD to $CAD conversions that it makes me annoyed. So I thought — how can I ju