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 ...
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 ...
Canada’s income tax brackets for 2023, plus the maximum tax …
WEBThat means you will pay 15% in federal tax on your $50,000 of income—that’s $7,500, not including deductions and claims of course. To give an another example, in November 2023, the average ...
Best life insurance in Canada for 2024 - MoneySense
WEBAug 15, 2023 · To give you an idea, the table below shows the average life insurance costs for a 35-year-old in good health, seeking $500,000 in coverage. The figures are based on data from Ratehub.ca, a rate ...
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 ...
What can you claim on your income taxes: 7 deductions not to miss
WEBDec 1, 2021 · Advertisement. How much you could save: You can claim 75% of the contributions up to $400 (up to $300 in tax savings); 50% for amounts between $400 and $750 (for a total tax savings of up to $475 ...
Delaying CPP and OAS to age 70: Is it worth the wait?
WEBAug 24, 2022 · By delaying OAS by five years to the age of 70, you can boost final payments by 36%, or 0.6% more for each month you delay after 65. The post-75 10% boost makes delaying OAS even more enticing ...
RRIF withdrawals: How to calculate your rate - MoneySense
WEBNov 10, 2017 · 2020. 73. 67. $100,000. 4.35%. $4,348. Bruce’s first annual minimum withdrawal amount would be $4,000 if his balance on Jan 1, 2018 is $100,000. The focus of retirement income planning should ...
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 ...
The best streaming services in Canada: The value of each—plus a …
WEBMar 11, 2024 · 1 streaming service (Netflix standard with ads): $5.99 per month. Rogers and Bell basic cable packages: 25 to 35 channels, $25 per month. 2 streaming services (Netflix + Prime): $15.98 per month ...