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  • BusinessThe Canadian Press

    Want to boost your tax refund with an RRSP loan? Experts say there's more to consider

    OTTAWA — RRSP loans might be a tempting option for Canadians looking to top up their retirement savings this year, but financial experts urge caution for those thinking about borrowing to invest. Kimberley Tran, an economist and advisor with McAuley Financial Services, said an RRSP loan should be the “rare exception and not the rule” for Canadians looking to save for retirement. “An RRSP loan is not for everyone,” she said. If an investor has the contribution room and is short on cash, the idea

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  • BusinessThe Canadian Press

    Canada Pension Plan 101: Answering common questions about these paycheque deductions

    TORONTO — Paycheque deductions can be an unpleasant surprise for those new to the workforce — a jumble of letters representing wages you can't immediately collect. Among them are contributions to the Canada Pension Plan, and though it may not feel like it now, that money adds up over your working life to create a nest egg for retirement. Here are answers to some common questions about CPP: What is the Canada Pension Plan? Every paid worker in Canada, except in Quebec, from freelancers and small

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  • BusinessFinancial Post

    New tax year brings new chance to withdraw strategically from this registered plan

    Jamie Golombek: Post-secondary students have a fresh planning opportunity to stay one step ahead of the taxman

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  • BusinessFinancial Post

    The CRA's prescribed interest rate hits double digits: 3 ways it could affect your wallet

    Jamie Golombek: Interest rate for overdue taxes is now 10%

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  • BusinessFinancial Post

    Buying a house this year? These are the top 3 tax strategies to use

    Jamie Golombek: Many willing to make sacrifices to fulfil home ownership dreams, but these tax incentives can help, too

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  • BusinessThe Canadian Press

    Just got a raise? Here's how to effectively use that extra cash

    Finally some good news — you’ve landed a major promotion with a huge pay bump, or you’ve finished many years of education and entered a high-paying profession. Either way, you have some extracash, and perhaps little else, aside from a student loan. The act of seeking out advice — or even just starting the conversation with yourself — is worthy of praise, says Brian Himmelman, president and financial planner at Himmelman & Associates Financial Advisors in Halifax. “It’s just so easy to ... treat

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  • BusinessFinancial Post

    Taxpayers' strange excuses don't sway courts after CRA denies CERB, CRB eligibility

    Jamie Golombek: Taxpayers were unwilling to provide necessary proof of income to claim benefits in two recent cases

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  • BusinessFinancial Post

    Know your TFSA limit and stay within it — or else the CRA will come knocking

    Jamie Golombek: Taxpayers who inadvertently overcontribute to their TFSA face a hefty penalty tax

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  • BusinessThe Canadian Press

    Take stock, revamp, overhaul: How to refresh your finances for 2024

    With the turn of the calendar signalling a fresh start, it’s the perfect time of year to take stock of your finances, update your goals and leave bad money habits behind. In doing a financial refresh for the new year, the first order of business, according to Saijal Patel, founder and CEO of financial wellness firm Saij Elle, is to identify what worked well for you over the past 12 months. “You can’t change what you’re not really aware of. So go through that process of what worked, what you’re p

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  • BusinessFinancial Post

    This is the way to get a tax 'refund' every paycheque instead of just once a year

    Jamie Golombek: One tax refund each year is essentially an interest-free loan to the government for up to 16 months

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