How to Start an Online Business with No Money

These days, starting an online business is trending. A quick Google search and you’ll find hundreds of ideas for online businesses that you could be starting to potentially make a side income or make you wealthy. Some options cost a lot to start while others cost very little. Which one should you choose? Before you …

How To Invest in Pre-IPO Stock

You may have been hearing about the terms IPO and pre-IPO and you`re wondering if you should invest in it. You might also be wondering if you can participate and if you should be aware of any risks. Let’s take a closer look at pre-IPOs and whether this type of investment is for you. What …

Tax Return Checklist

IT’S THAT TIME OF YEAR AGAIN……TAX TIME! You must file your taxes by April 30, 2018 if you are an employee and receive a salary. You can file your taxes until June 15, 2018 if you are self-employed or a business owner. However, if you owe tax money to the Canada Revenue Agency (CRA), you …

Do I Need Tenant’s Insurance?

YES. Here’s why: Landlord’s insurance on the building does not cover your personal belongings – in fact, anything you bring into your home. You are also responsible for the harm you accidently cause to any part of the building and to others who live or visit there.   Tenant insurance protects you in two ways: …

Mortgage Insurance – Understanding your options

Do you have mortgage insurance from the lenders or the banks that tie to your home? Do you plan to purchase life, critical illness, or disability insurance? Not all mortgage protection is created equal. Before you buy, ask the following questions: 

2017 Insurance Tax Changes (Bill C-43)

The federal government has passed new tax legislation (Bill C-43) to revise and modernize the exempt test and related rules that determine how life insurance policies are taxed. These changes take effect on January 1, 2017 and will provide greater consistency in the tax treatment of life insurance products by Canadian insurance companies. New policies issued …

5 Seconds Preview To: Cash Flow Banking

As many of us know, capital gains tax has a tremendous impact on investment. Tax Free Savings Account (TFSA) is one investment option that allows Canadians to earn tax free investment income to meet lifetime saving needs. However, all registered investment options have their rules and regulations. One of the rules of a TFSA is …

Everything You Want to Know About TFSA

Although it has been already 6 years since the Tax Free Savings Account has been introduced as a registered savings account, many Canadians are still confused about how to use it to its full potential. This article sums up all the benefits and clears a lot of doubts and confusion as to what a TFSA …