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Men benefit most from tax breaks in Canada, study shows. But does it matter?
Men capture the vast majority of the benefits from federal income tax breaks, according to a new report by the Canadian Centre for Policy Alternatives. The study looked at 45 measures that currently allow Canadians to lower their federal tax bill and found that for over 80 per cent of them, the payout is larger for men than for women.
Men benefit most from tax breaks in Canada, study shows. But does it matter?
Men capture the vast majority of the benefits from federal income tax breaks, according to a new report by the Canadian Centre for Policy Alternatives. The study looked at 45 measures that currently allow Canadians to lower their federal tax bill and found that for over 80 per cent of them, the payout is larger for men than for women.
The TFSA limit has grown to $6K — should Canadians contribute?
Canadians hoping to save money after the holidays now have an option to stash away more cash this year — and tax-free.
Your debt in 2019: Trends that will affect your finances and how to prepare for them
According to Statistics Canada, Canadians owe $1.78 in debt for every dollar of income. The good news is increased household debt has been slowing. The bad news? Income growth to pay down that debt has been sluggish. Online reporter Erica Alini gives us a road-map on how to prepare for what’s coming.
Holiday hosting: Tips to stick to your entertaining budget
CPA Canada survey says majority of Canadians expect to spend less than $400 on hosting. It’s possible and the experts show us how.
Why investing rules of thumb don’t always work
Rules of thumb are intended as guidelines. They are not exact directions, but a rough estimate of what you might need. There are several rules of thumb in investing as well, which are often interpreted in multiple ways.
Three online programs to help plan out your finances in retirement
For high-net-worth individuals approaching retirement and concerned about outliving their money, any of these programs can do the job. A single strategic insight or two can easily recoup the modest fees charged.
Canadians want $250,000 a year to live comfortably — experts say curb your expectations
What would it take for you to be “financially comfortable?” For many, the answer might be lower than they think.
How to keep your debt down as interest rates go up
For close to a decade, homeowners have enjoyed rock-bottom interest rates. However, that’s slowly changing. This week, the Bank of Canada raised its key rate by a quarter-point for the fifth time since July 2017, pushing up borrowing costs for consumers.
Rona at The Personal Finance Show
Rona Birenbaum wants you to be financially successful. Rona started out in the financial services industry at a time when sales commissions were huge and the focus was on making money for yourself, and not necessarily your clients.