Author: MoneyMaven

The Finance Department says parliamentary convention dictates that taxation proposals such as the capital gains taxation measures the Liberals introduced last year are effective as soon as the government tables a notice of ways and means motion. Income Tax Guide for Canadians Deadlines, tax tips and more The Liberals tabled in September a notice of…

Image Source: Pexels Car sales on a budget don’t have to be boring! Are you dreaming of owning a Tesla, but don’t want to pay full price? The price of a Tesla depends on the model and add-ons, but the average cost ranges from $40,000 to over $90,000 brand new. You can stay on budget…

Image Source: Pexels Martin Luther King Jr. Day is celebrated on the third Monday in January. Typically, it is the first Federal Holiday celebrated in the New Year, except this year President Biden declared January 9, 2025, a Federal Holiday to mourn the death of Former President Jimmy Carter. MLK Day will be celebrated this…

Cars Image Source: 123rf.com The used car market is booming. With the average price of a used car hovering around $32,000, you might be wondering how you can score a good deal on a used vehicle. For folks living in Florida and other places in the United States, there are some great used car deals…

New capital gains inclusion rate: With its 2024–25 budget, the federal government announced that capital gains in excess of $250,000 per year would be subject to a 66.7% inclusion rate effective June 25, 2024. That’s up from the 50% that applied previously (and which still applies to your first quarter-million in yearly gains). However, with the prorogation of…

Image Source: 123rf.com As a family of four, we are constantly looking for ways to trim our grocery budget. Grocery prices have gone up 28% over the last five years, which is when we started our family. So, it has been difficult to stay ahead of the curve. Thankfully, we have several go-to cheap dinner…

Car Repairs Image Source: 123rf.com No one wants to deal with transmission problems, but they are a relatively common issue in cars. When your vehicle’s transmission starts acting up, you might start wondering if it’s time to repair or replace the component. Like many big jobs, replacing (or repairing) your transmission isn’t cheap. If you’re…

When I started working out of college, I had one stream of income. My job. Now that I’m in my forties, with twenty-plus years of work behind me, I have several streams of income. Most of them are passive but none of them are special. And on the internet, there are thousands of “charlatans “experts”…

At the beginning of 2020, I argued that the S&P 500 was likely to be 4x higher by 2030. This “prediction” came from a chart that looked at the future 10-year growth in the S&P 500 based on the prior 20-year returns. All I did was calculate the S&P 500’s return over the last 20…

Unfortunately, identity theft is on the rise in Canada. In 2023, over 11,000 cases of ID fraud were reported to the Canadian Anti-Fraud Centre (CAFC). Fraud crimes are vastly underreported, so the total is likely much higher. Identity theft is no longer just someone combing through your paper mail for personal information. That still happens,…