How to Avoid Tax on Severance Pay in Canada
To reduce the tax on your severance pay in Canada, consider a few key strategies. Contributing to your RRSP can lower your taxable income, and spreading payments over several years may keep you in a lower tax bracket. Opting for salary continuance rather than a lump...Does RRIF Income Affect GIS?
Yes, RRIF income affects your GIS benefits because RRIF withdrawals count as taxable income. The more you withdraw from your RRIF, the less you'll receive from the GIS, since GIS benefits decrease as your taxable income increases. To minimize this impact, consider...3 FREE CANADIAN FINANCE LECTURES
In a world where you can trust things to a lesser and lesser extent with AI overtaking humans in so many areas simultaneously, it's really reassuring to look at videos. While AI can write almost as well as humans, it cannot (YET) produce the human touch that you feel...Keep Your Rates, Change Your Address: The Benefits of Porting Your Mortgage
Mortgage portability is a handy feature you might not even know you have! It's the ability to transfer your current mortgage—with its existing rate and terms—from your old home to your new abode. Think of it as packing up not just your belongings but your loan as well...Can Your Trust Robo Advisors With Your Pension?
Unless you have a very high level of confidence in your money-management skills, chances are that you are using the services of some type of professional money manager for your retirement and pension accounts. Â While online brokerage accounts, mutual fund operators...Can International Students Get a Credit Card in Canada?
According to a recent study, around 900,000 international students will choose Canada in 2023 for their higher education, making it one of the most popular study destinations globally. While the academic experience is enriching, the financial landscape can be a maze,...Are Heat Pumps Worth It In Canada?
If you're living in Canada, you're most likely accustomed to weather extremes. Winters can be harsh and long, while summers can be humid and hot. As a result, HVAC systems have grown in popularity, and many homeowners have been seeking out alternative heating and...Honorable Media Mentions
