How much money do you need to retire in Canada? Is it really $1.7 million?
While $1.7 million is a big number, it’s possible to retire in Canada on that amount, if you start...
What is net income?
Your net income determines how much you are taxed. Learn how net income is calculated—and how it may affect...
Can you maximize your RRSP and TFSA with an income of $0?
With a year of no income, find out if it makes sense to max out registered accounts like an...
What is a gross debt service ratio (GDS)?
Lenders use the gross debt service ratio (GDS) to determine the amount of your mortgage loan. Find out why...
What is capitalism?
Capitalism is a type of economic system. Learn about its characteristics and its role in the Canadian economy in...
What is an adjusted cost base (ACB)?
To calculate a capital gain or loss, you must know your investment’s ACB. Here’s the formula for adjusted cost...
Are spousal and child support payments taxable?
Spousal and child support payments are taxed differently. And lump-sum payments may come with their own tax implications.
What is the CPP Survivor’s Pension? How can Canadians claim this benefit?
When a spouse loses their partner, benefits are available to them through the government, such as the CPP Survivor’s...
How GIC returns are taxed in Canada
GIC interest rates are incredibly high—should you invest? Find out how GICs work and how GIC interest is taxed...