This post was sponsored by TurboTax, however, all views and opinions are mine. When the coronavirus pandemic hit Canada early in 2020, the federal government introduced a suite of financial aids to...
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Pet insurance can help to reduce the financial impact on your wallet when your pet falls ill or becomes injured. It also gives you the peace of mind that your pets will receive adequate veterinary...
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The tax brackets in Newfoundland and Labrador (NL) was indexed by 0.40% in 2021. Tax rates range from 8.70% on taxable income up to $38,081, and 18.30% on taxable income exceeding $190,363. When...
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This post was sponsored by TurboTax, however, all views and opinions are mine. With more employees working from home this year, the Canada Revenue Agency (CRA) has simplified the process for...
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Is it compulsory to file a tax return in Canada? If you owe taxes, the Canada Revenue Agency expects you to file your income tax return by the deadline date of April 30th. When you fail to meet this...
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Starting a side-gig, freelance work, or small home-based business is a great way to supplement the income you make from your main employment. After I began blogging and providing part-time web...
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The prime rate has remained at 2.45% since it was cut three times in a row in early 2020 when the pandemic first hit Canada. The prime interest rate fell from its previous level of 3.95% as the bank...
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The Covid-19 pandemic ravaged the world in 2020 leaving countries reeling from health and economic damages. And, the increased spending by governments to minimize its impact has resulted in...
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Apart from just saving for retirement, there are other not so well known uses of the RRSP including the Home Buyers’ Plan (HBP) and Lifelong Learning Plan (LLP). While you should focus on...
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Canadians pay a sales tax when they purchase most goods and services. Also known as a Value Added Tax (VAT) in some countries, sales taxes in Canada come in various formats. There is the federal...
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