TFSA contribution room calculator - MoneySense
WEBAug 9, 2024 · Your contribution room is the total amount of the following: The TFSA contribution limit for 2024 is $7,000. If you turned 18 before the year 2009 and have never contributed, your maximum lifetime ...
Use this free Excel budget template in Canada - MoneySense
WEBFeb 14, 2024 · Instructions: Click the link or image above to download the spreadsheet tool. Open the file. Enter your personal and household expenses in the columns titled “Planned” and “Actual.”. You ...
Your complete guide to getting the best car insurance in Canada
WEBMar 28, 2024 · On average, Canadian drivers spend $1,142 per year on car insurance. Drivers pay the most in British Columbia (where the average cost is $1,832 per year) and the least in Quebec ($717 per year ...
The process of unlocking a LIRA account in Canada
WEBFeb 1, 2022 · Advertisement. If a federal LIRA account holder is 55 or older, they can consider a one-time unlocking of up to 50% of the balance, but there are some steps involved first. You need to be 55 or ...
Wealthsimple review 2024 - MoneySense
WEBMay 10, 2024 · Review: Toronto-based fintech Wealthsimple attracts Canadian investors with its low-fee robo-advisor, discount brokerage, money management and tax-filing services.
A guide to spousal RRSPs for married and common-law partners
WEBJun 21, 2021 · A spousal RRSP could allow a couple to double the potential withdrawal from $35,000 to $70,000 and get higher tax refunds on contributions. Spousal RRSP attribution rules that generally apply to ...
What is the CPP enhancement? - MoneySense
WEBJan 19, 2024 · The first enhancement, CPP1, went into effect in 2019 with a YMPE of $57,400 and a CPP contribution rate of 5.1% (10.2% for self-employed people). Over the next five years, both the YMPE and the ...
Capital gains tax in Canada, explained - MoneySense
WEBAug 8, 2024 · Capital gains tax highlights. The capital gains inclusion rate changed as of June 25, 2024. For individuals, the inclusion rate is either 50% or 66.67%, depending on the size of the capital gain ...
MoneySense | Helping You Make Better Financial Decisions
WEBMoneySense is a digital magazine and financial media website. Journalists and qualified financial professionals produce the content. MoneySense’s goal is to provide the most relevant and up-to ...
Best ETFs for 2024: Best Canadian equity ETFs - MoneySense
WEBMay 23, 2024 · There was a three-way tie for the runner-up position, with VCN, XIC and ZCN (BMO S&P/TSX Capped Composite Index ETF) all placing. All the funds mentioned have razor-thin MERs of 0.05% or 0.06%. In ...
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